Release date: 6 June 2016
Promoter – Financial Intermediary
CITY OF VILNIUS, UAB VILNIAUS GATVIU APSVIETIMO ELEKTROS TINKLAI
The project concerns the financing of multi-sectoral investment schemes forming part of the city of Vilnius' five-year investment programme from 2016 to 2020. The project is expected to comprise small to medium-sized schemes in the fields of municipal infrastructure, mobility measures, education and sport, social and health infrastructure, water management and energy efficiency and will benefit the city of Vilnius, the capital of Lithuania.
The city of Vilnius' five-year investment programme from 2016 to 2020 aims at modernising the city's basic infrastructure and improving the quality of public services. The plan is based on the city's development plan, which includes several components - public transport, street refurbishment, school upgrading, childcare, public spaces, renovation of cultural heritage, reconstruction of social facilities - to be implemented over the next four years. The investment programme is a coherent and target-based development plan including investments in domains where Vilnius, as a local government, has financial and planning responsibility.
- Urban development - Construction
- Transport - Transportation and storage
- Education - Education
- Health - Human health and social work activities
Proposed EIB finance (Approximate amount)
EUR 47 million
Total cost (Approximate amount)
EUR 410 million
Lithuania, as an EU Member State, has harmonised its environmental legislation in line with the relevant EU directives (2011/92/EU and 2001/42/EC). The Bank's appraisal will focus on the promoter's environmental management capacity to properly apply the Strategic Environmental Assessment (SEA) Directive 2001/42/EC, the Environmental Impact Assessment (EIA) Directive 2011/92/EU, as well as the requirements of the Habitats and Birds Directives where appropriate. Compliance with the EU Directive on the Energy Performance of Buildings- recast (2010/31/EU), if relevant to the project, will be further examined during appraisal. All relevant key documents for the project will be published, in line with the Bank's disclosure policy.
The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2014/24/EU or 2014/25/EU where applicable, and/or 2014/23/EU where applicable, as well as Directives 89/665/EEC and 92/13/EEC as amended) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.
Signed - 15/09/2016
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).