European Investment Bank Lends €50 Million to Vilniaus Vandenys for Lithuanian Water Utility Upgrades

The European Investment Bank (EIB) has loaned €50 million to Lithuanian water utility Vilniaus vandenys to upgrade its water and wastewater infrastructure in the capital city of Vilnius. The loan will be used to digitize, reinforce, and expand the utility's operations, including the upgrade of the Virsulisk?s water station and the expansion of infrastructure in the Gulbinai area. The project aims to improve services and environmental protection across the Vilnius region by enhancing the wastewater network through the construction of pressure pipelines and a balancing reservoir.

Key Takeaways:

• The EIB loan of €50 million will be used to upgrade the water and wastewater infrastructure of Vilniaus vandenys in Vilnius, Lithuania.
• The planned works include the upgrade of the Virsulisk?s water station and the expansion of infrastructure in the Gulbinai area.
• The project aims to improve services and environmental protection across the Vilnius region by enhancing the wastewater network.
• The loan has a maturity of 20 years and will form a significant part of Vilniaus vandenys's financing mix.
• 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.
• The urban-resilience goals of Vilniaus vandenys and the European Union will be advanced through this project.
• The project is due to be completed by 2028.

Statistics:

• €50 million: EIB loan amount for water and wastewater infrastructure upgrades in Vilnius, Lithuania.
• 20 years: Maturity of the EIB loan.
• 2028: Scheduled completion date for the project.
• Vilnius region: Likely to benefit from improved services and environmental protection through this project.

Sources:

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