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Summary sheet

Release date
14 May 2025
Status
Reference
Under appraisal | 29/08/2024
20240489
Project name
Promoter - financial intermediary
VILNIUS WATER AND SANITATION II
UAB VILNIAUS VANDENYS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
EUR 105 million
Location
Sector(s)
  • Water, sewerage - Water supply; sewerage, waste management and remediation activities
Description
Objectives

The project concerns the co-financing of part of the 2025-2028 investment programme of Vilniaus vandenys UAB, the water company for Vilnius and surrounding communities in Lithuania. The investments mainly include the extension and rehabilitation of water supply and wastewater collection and treatment infrastructure, as well as the digitalisation, upgrading and extension of the monitoring system.

The aim is to provide social benefits (improved water and wastewater services, cleaner environment, and improved public health) and create employment opportunities for all residents within the project's area.

Environmental aspects
Procurement

The project will contribute to ensure compliance with key EU directives in the water sector, notably the Drinking Water Directive (2020/2184/EU), the Urban Waste Water Treatment Directive (91/271/EEC) and the Water Framework Directive (2000/60/EC). Where and if applicable, the requirements of the Environmental Impact Assessment (EIA) Directive 2011/92/EU as amended by Directive 2014/52/EU, Strategic Environmental Assessment (SEA) Directive 2001/42/EC, Birds Directive 2009/147/EC and Habitats Directive 92/43/EEC will be respected.

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

Milestone
Under appraisal
Link to source

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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