Port of Klaipėda Expansion in Lithuania

ongoing

The Nordic Investment Bank (NIB) and the Klaipėda State Seaport Authority have signed a 19-year credit facility agreement for infrastructure investments in Lithuania’s largest port. NIB’s credit facility of €68 million will finance the reconstruction of several quays in the port of Klaipėda. The refurbishment includes extending quay walls and increasing quay depth to ensure access for larger ships. The ability to accommodate large vessels will result in significant productivity improvements for the port and its operators. The port’s annual capacity is expected to increase by 19.1 million tonnes or 29% of its current capacity in relation to the project.