Release date: 17 September 2014
Promoter – Financial Intermediary
REPUBLIC OF LITHUANIALocation
Description
Co-financing of priority investments in the Republic of Lithuania with EU Structural and Investment Funds in the 2014-2020 programming period. The Structural Programme Loan will mainly support schemes under the operational programme for the 2014-2020 period.
Objectives
The project will assist Lithuania in achieving further convergence in the levels of economic and social development with the rest of the EU. A wide range of beneficiaries eligible for EU grant support will benefit from the loan.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
- Composite infrastructure - Construction
- Transport - Transportation and storage
- Education - Education
Proposed EIB finance (Approximate amount)
EUR 1300 million
Total cost (Approximate amount)
EUR 10751 million
Environmental aspects
Lithuania, as an EU Member State, has transposed the relevant EU Directives 2011/92/EU Directive and 2001/42/EC into the national environmental legislation. The Bank’s appraisal will focus on the promoter’s environmental management capacity to properly apply the EU Strategic Environmental Assessment (SEA) Directive 2001/42/EC, the EU Environmental Impact Assessment (EIA) Directive 2011/92/EU, as well as the requirements of the Habitats and Birds Directives, where appropriate. All relevant key documents for the project will be published, in line with the Bank’s disclosure policy.
Procurement
The Bank will require the promoter, as a public administration entity, to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/18/EEC or 2004/17/EEC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate. Projects with values below the EU thresholds will be procured according to the provisions laid down in national legislation. Details to be reviewed by the Bank’s services during appraisal.
Status
Signed - 7/05/2015
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).