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Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
Lithuania : € 50,000,000
Water, sewerage : € 50,000,000
Signature date(s)
10/10/2025 : € 50,000,000
Link to source

Summary sheet

Release date
14 May 2025
Status
Reference
Signed | 10/10/2025
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.

Additionality and Impact

The Project is aligned to the InvestEU eligible area of Environment and Resources, in line with the Annex II of the InvestEU Regulation.

The Project concerns the co-financing of part of the 2025-2028 investment program of Vilniaus Vandenys UAB (VV), the water company for Vilnius and surrounding communities in Lithuania servicing a population of more than 600 000. The operation comprises the extension and rehabilitation of water supply and wastewater collection and treatment infrastructure. The investments in water supply will increase the population receiving clean water while those in the wastewater collection and treatment will increase the population connected to the wastewater services and reduce pollution of groundwater and surface water. All investments support the water utility to increase its energy efficiency. The Project contributes to the EU and EIB policy objectives of environmental protection and climate action, and will help mitigate market failures by financing infrastructure that generates positive environmental public health and climate externalities that are not fully reflected in the applicable water and wastewater tariffs in the service area. EIB provides a significant financial contribution by offering longer maturity and flexible customised terms compared to the conditions currently available on the market. Thus, EIB's involvement will have an impact on mobilising other financiers and signalling that the Project is sound and worth supporting, thereby facilitating the full financing and implementation of the Project.

The Project would not have been carried out (to the same extent) by the EIB without the InvestEU support.

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
Approved
Signed
23 September 2025
10 October 2025
Link to source
Other links

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).

Documents

Environmental and Social Data Sheet (ESDS) - VILNIUS WATER AND SANITATION II
Publication Date
30 Sep 2025
Document language
Main Topic
Lending
Document Number
247107085
Document Focus
Environmental Information
Project Number
20240489
Sector(s)
Regions
Countries
Publicly available
Download now

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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.
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