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Summary sheet

Release date
16 April 2026
Reference
20250667
Project name
Promoter - financial intermediary
TAURAGE SUSTAINABLE DEVELOPMENT
THE CITY OF TAURAGE
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 20 million
EUR 112 million
Location
Sector(s)
Description
Objectives

The framework loan will co-finance eligible multi-sector schemes in Taurage (Lithuania), in line with the City's urban development strategy (hereinafter referred to as the "Operation").

The Operation will support the multi-sector investment programme of Tauragé in Lithuania in the period 2025-2030. It focuses on urban development schemes like renovation of public buildings (including energy efficiency measures), culture and sport facilities, social housing, sustainable urban transport, water and waste water infrastructure, regeneration of urban green areas. It is expected to generate numerous positive externalities (including cohesion and social benefits, energy savings and climate action), resulting in higher quality of services for citizens and businesses.

Environmental aspects
Procurement

The Promoter needs to have the adequate capacity to ensure that the project is implemented in line with the relevant EU Directives requirements, i.e. EIA Directive 2011/92/EU as amended by Directive 2014/52/EU, SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC, Birds Directive 2009/147/EC, Urban Waste Water Treatment Directive (91/271/EEC) and Water Framework Directive (WFD) 2000/60/EC, where and if applicable. Regarding new and renovated buildings, the Promoter has to ensure that the Operation is implemented in line with EU Directive on Energy Performance of Buildings. The Operation is expected to contribute to the EIB's objectives linked to climate action and environmental sustainability, and the contribution of the project will be assessed during appraisal.

The Promoter shall ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/23/EU, 2014/24/EU, 2014/25/EU, as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the EU, as and where required.

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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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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