TGS Baltic advised European Investment Bank (EIB) on signing a €25 milion agreement with Klaipėdos vanduo

16.11.2023 TGS Baltic advised European Investment Bank (EIB) on signing a €25 milion agreement with Klaipėdos vanduo

The European Investment Bank (EIB) has signed a €25 million loan agreement with "Klaipėdos vanduo", the municipal water company in the Lithuanian city of Klaipėda, supporting its 2023-2026 investment programme. 

The investments aim to future-proof both the water supply and storm- and wastewater handling. The financing package includes the construction and rehabilitation of the water supply, stormwater and sewer networks and the extension, rehabilitation and modernisation of water supply, wastewater and stormwater treatment plants and their connected infrastructure. Finally, the purchase of water meters, operation and maintenance equipment and machinery, and investments to improve ICT processes are also covered.

The project aims to improve the reliability and affordability of the water supply and wastewater management services, positively affecting people living in the Klaipėda service area. The investments will also support climate adaptation, mitigation, and environmental sustainability, as they will enable "Klaipėdos vanduo" to generate renewable energy, reduce its energy consumption, better cope with more frequent and intense rains due to climate change, and reduce groundwater and surface water pollution. 

More information https://www.eib.org/en/press/all/2023-426-klaipedos-vanduo-gets-eur25-million-eib-financing-to-future-proof-water-supply-and-wastewater-system