by Lina Kairys

The Nordic Investment Bank (NIB) and Klaipėda State Seaport Authority have signed a 17-year-long €68m-big credit facility agreement aimed at renewing the port's infrastructure.

The reconstruction of several quays, extending the quay wall, and increasing the berth & fairway depths through dredging one million cubic metres of sediment will increase Klaipėda's annual cargo turnover capacity by 19.1 million tonnes, nearly a third of its current 64-70mt potential.

A total of €352.4m will have been spent on upgrading the Lithuanian seaport by 2023.

Download PDF