EIB helps transform Lithuania’s port of Klaipėda into defence and clean-energy hub with €100 million in financing
The European Investment Bank (EIB) is providing a €100 million loan to help transform Lithuania’s largest seaport, Klaipėda, into a strategic gateway for defence, energy and trade in the Baltic region. The Klaipėda State Seaport Authority will use the EIB loan to upgrade and expand infrastructure, strengthening the port’s role in military mobility, increasing clean-energy ...
The European Investment Bank (EIB) has provided a €100 million loan to Lithuania's Klaipėda port, aiming to transform it into a strategic hub for defence, clean energy, and trade in the Baltic region. This financing will be used to upgrade and expand infrastructure, with a focus on strengthening the port's role in military mobility, increasing clean-energy facilities, and supporting offshore wind development.
The location of the port, dating back to the 13th century, is crucial for NATO operations. Parts of the civilian cruise-ship terminal are being adapted to meet NATO requirements, enabling more efficient logistical support for allied naval vessels. The project, scheduled for completion by the end of 2027, will cover up to half the total cost of around €201 million, with the remaining financing coming from the European Union, national sources, and other institutions.
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