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
The European Commission approved an application from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Commission today reiterated the potential of existing EU-rules on mediation in cross-border legal disputes, reminding Member States that these measures can only be effective if put in place by Member States at national level.
more »
Exports of animals and animal products from the European Union to Russia are expected to receive a boost after five new certificates for exports between the EU and the Russian Federation entered into force on August 15.
more »
World Bank Group President Robert B. Zoellick visited Moldova on August 11-12 at the invitation of Prime Minister Vlad Filat.
more »
These are the financial results of the banking activities of the Danske Bank Group in Lithuania (Danske Bankas and Danske Lizingas UAB).
more »
The European Investment Bank (EIB) today signed its first loan agreement with Armenia.
more »
Given the worsening food crisis in the Sahel, the Commission today agreed to disburse €14.9 million for food security in Niger, the worst affected country in the area.
more »
The European Commission has cleared under the EU Merger Regulation the proposed restructuring of Arnotts' debts in return for a transfer of control to Anglo Irish Bank and Royal Bank of Scotland (RBS).
more »
The European Commission today approved a new financial support package of €135 million for Morocco.
more »
The European Commission is allocating an extra €10 million in humanitarian aid for Liberia.
more »