EIB helps transform port of Klaipėda into defence and clean-energy hub with €100 million in financing

The European Investment Bank (EIB) has invested €100 million to transform Lithuania's largest port, Klaipėda, into a strategic hub for defense, clean energy, and trade in the Baltic region. The port, which dates back to the 13th century, is a crucial NATO location, and the EIB financing will upgrade and expand its infrastructure to strengthen its dual role.

The project, set for completion by the end of 2027, includes improving cruise-ship terminals for NATO requirements, adding green-hydrogen production, shoreside electricity for ferries, low-emission vessels, upgraded quays for offshore wind development, dredging works, and reinforced breakwaters. EIB Vice-President Karl Nehammer described the investment as aligning with Europe's security, cohesion, and green transition priorities.

Klaipėda State Seaport Authority Director General Algis Latakas emphasized the port's importance for Lithuania's economy, energy security, and national security, highlighting the financing agreement as a significant step towards modernizing the port's capabilities.