EIB Lends €50 Million to Lithuanian Utility to Upgrade Water and Wastewater Networks in Vilnius Region
The European Investment Bank (EIB) is lending €50 million to Lithuanian water utility Vilniaus vandenys to upgrade its water and wastewater infrastructure in the Vilnius region. The project aims to improve services, reduce water losses, and enhance environmental protection by implementing smart meters and digital tools. The EIB loan, backed by an InvestEU guarantee, will support sustainable investment in clean water infrastructure, aligning with key EU priorities and legislation.
Key Takeaways:
- The EIB loan of €50 million will be used to upgrade water and wastewater operations in the Vilnius region, including the Viršuliškes water station, expansion of infrastructure in the Gulbinai area, and reconstruction of the Šalcininkai water supply station and treatment facilities.
- The project includes the construction of pressure pipelines and a balancing reservoir to enhance the wastewater network and improve services and environmental protection across the region.
- The EIB loan will have a maturity of 20 years and will form a significant part of Vilniaus vandenys's financing mix, alongside its own funds and support from EU programs.
- Around half of the loan will be allocated to smart city solutions, including the implementation of smart meters and digital tools.
- The project is expected to be completed by 2028 and will advance the urban-resilience goals of Vilniaus vandenys and the European Union.
- The EIB loan is backed by an InvestEU guarantee, which supports sustainable investment in clean water infrastructure across the EU.
Statistics:
- €50 million: The amount of the EIB loan to Vilniaus vandenys.
- 20 years: The maturity of the EIB loan.
- 2028: The expected completion date of the project.
- 50% : The proportion of the loan allocated to smart city solutions.
Sources:
- European Investment Bank (EIB)
- Vilniaus vandenys
- InvestEU guarantee
- European Union (EU)
- Gulfoilandgas.com (Copyright holder)