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European Union

EIB Lends €50 Million to Lithuanian Utility to Upgrade Water and Wastewater Networks in Vilnius Region

Strategic Insights

— 1 min read

The European Investment Bank (EIB) is lending €50 million to Lithuanian water utility Vilniaus vandenys to bolster infrastructure in the capital city of Vilnius. The company will use the EIB loan to upgrade water and wastewater operations by digitising, reinforcing, and expanding them. The project, which advances the urban-resilience goals of Vilniaus vandenys and the European Union, is due to be completed by 2028. The EIB financing is backed by an InvestEU guarantee, which supports sustainable investment across the EU.

Key Takeaways:

  • The EIB loan will be used to upgrade water and wastewater networks in the Vilnius region, with a focus on smart city solutions, digital tools, and environmental protection.
  • The project will involve the upgrade of the Virbiliuo water station, expansion of infrastructure in the Gulbinai area, and reconstruction of the Salininkai water supply station and treatment facilities.
  • The wastewater network will be enhanced through the construction of pressure pipelines from Baravyko Street to Sietyno Street and a balancing reservoir.
  • The project will improve water supply, wastewater management, and reduce environmental impact, with around half of the loan allocated to smart city solutions.
  • The EIB loan aligns with key InvestEU policy objectives, advancing EU priorities and directing funds where they are most needed.
  • The project facilitates the implementation of EU water and environmental legislation, and supports Lithuania's green transition.

Statistics:

  • €50 million EIB loan to upgrade water and wastewater networks in Vilnius region.
  • €89 billion new financing signed by EIB Group in 2024 for over 900 high-impact projects in Europe.
  • €449 million EIB Group financing in Lithuania last year, spurring business investments and accelerating the country's green transition.
  • 60% of EIB Group's annual financing supports projects that contribute directly to climate change mitigation, adaptation, and a healthier environment.
  • 600,000 residents in Vilnius and surrounding districts supplied with drinking water by Vilniaus vandenys.
  • 99,000 cubic meters of drinking water supplied daily by Vilniaus vandenys.
  • 116,000 cubic meters of wastewater treated daily by Vilniaus vandenys.

Sources:

  • European Investment Bank press release: "EIB lends €50 million to Lithuanian utility Vilniaus vandenys to upgrade water and wastewater networks in Vilnius region"
  • European Investment Bank press release: "EIB Group signs nearly €89 billion in new financing for over 900 high-impact projects in 2024"
  • European Investment Bank press release: "EIB Group's financing in Lithuania last year amounted to €449 million"

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