The preliminary GIPL project value is EUR 500 million. Investments into the infrastructure in the territory of Lithuania will amount to EUR 136 million.
The EU financial assistance has been provided for preparation of the Business Case Analysis and Feasibility Study as well as for the preparation of the Environmental Impact Assessment Report of the GIPL Project under the European Commission’s Trans-European Energy Networks (TEN-E) program, which made 50% of eligible costs. Following the European Commission’s decision of 2014, up to EUR 10.6 million was allocated for preparatory works of the GIPL project and up to EUR 295.4 million for construction works under the Connecting Europe Facility (CEF).
In addition to the EU financial support, the construction of the GIPL project will be funded by Lithuania, Latvia, and Estonia by a cross-border cost allocation decision covering a part of the GIPL infrastructure costs in the territory of Poland – a total of EUR 54.9 million. The rest of the project is funded by the project promoters.