EBRD to finance projects at Lithuanian port
Published:
15 December 2001 y., Saturday
The European Bank for Reconstruction and Development (EBRD) is expected to finance a number of projects at the Lithuanian Baltic Sea port of Klaipeda.
Kestutis Bartkevicius, head of the port authority, presented projects that require additional bank financing to Matti Hyyrynen, head of the EBRD Vilnius office, on Wednesday. Bartkevicius told reporters after the meeting that the port authority had to raise 33 million litas (USD 8.25 mln) in addition to investments earmarked for next year.
The port authority has been also in talks with several local and foreign commercial banks over financing for some berth reconstruction and rail construction projects, and refinancing of some ongoing projects.
Hyyrynen said the Lithuanian transport sector was very important for the EBRD and the bank would consider providing financing for the further development of the port. The EBRD has not invested in the port of Klaipeda so far. The port authority has borrowed money from the World Bank to finance a number of projects.
Šaltinis:
parex.net
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
A specific EU budget line for the new EU stabilisation mechanism should be created as soon as possible, to ensure its credibility, Council, Commission and Parliament negotiators agreed at a three-way meeting on Wednesday.
more »
New EU rule will help phone-users avoid astronomical bills for web-surfing and downloads abroad.
more »
The Communication approved today by the Commission builds on the principles presented on 12 May to reinforce the economic governance in the European Union.
more »
Eurostat report just published shows that the crisis has brought some lower taxes.
more »
New legislation is needed to ensure fair returns to farmers and transparent prices to consumers, by enforcing fair competition throughout the food supply chain, said Agriculture Committee MEPs on Monday.
more »
Fish imports play a crucial role in supplying the European market, yet fisheries and aquaculture are strategic sectors that do not lend themselves to a purely free-trade approach, believes the EP Fisheries Committee.
more »
I will support every proposal that strengthens cooperation among the European Union's Member States and serves Lithuania's interests," President of the Republic of Lithuania Dalia Grybauskaitė said at the meeting with EU Member States' ambassadors resident in Lithuania.
more »
The fourth World Lithuanian Economic Forum “High tech innovation & investment: local to global” will start in London on 22 June.
more »
Lithuania aims for the five Nordic countries and three Baltic States to become single community of values, which would be linked by a versatile quality of democracy, security and everyday life.
more »
MEPs decided on Wednesday to create a special committee to prepare for the EU's next long-term budgetary framework.
more »