The Nordic Investment (NIB) and State Enterprise Lithuanian Airports have signed a EUR 70 million loan agreement for infrastructure upgrades at Vilnius, Kaunas and Palanga airports.<\/p>\n
The 15-year maturity loan will finance the company\u2019s investments in service quality improvements, better operational efficiency and higher safety of operations at three main Lithuanian airports.<\/p>\n
\u201cThe infrastructure renewal will allow Lithuanian airports to adapt to the expected growth of passenger traffic in the future, once the COVID-19 pandemic is under control,\u201d says Henrik Normann, NIB President & CEO.<\/p>\n
The projects include renovating the existing terminals in Kaunas and Vilnius as well as building a new departure terminal at Vilnius airport. After the implementation, Vilnius airport\u2019s capacity is expected to increase from the current 3.5 million to an estimated 7.8 million passengers per year.<\/p>\n
Moreover, the investments will be used for renewing airfield infrastructure in all three airports, and reconstructing the runway in Palanga.<\/p>\n
\u201cAll investments in the Lithuanian airports network infrastructure improvements are planned to be paid off within a period of 10\u201315 years. The renewal and development of the existing infrastructure is in line with one of the two cornerstones of our business strategy: the development of the existing network and preparation for the future, with the possibility of a new airport,\u201d says Marius Gel\u017einis, Head of Lithuanian Airports.<\/p>\n
State Enterprise Lithuanian Airports operates the country\u2019s three largest airports of Vilnius (VNO), Kaunas (KUN) and Palanga (PLQ). In 2019, Lithuanian Airports served 6.5 million passengers: 5 million in Vilnius, 1.2 million in Kaunas and 0.3 million in Palanga.<\/p>\n
NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA\/Aaa, with the leading rating agencies Standard & Poor\u2019s and Moody\u2019s.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" The Nordic Investment (NIB) and State Enterprise Lithuanian Airports have signed a EUR 70 million loan agreement for infrastructure upgrades at Vilnius, Kaunas and Palanga airports. The 15-year maturity loan will finance the company\u2019s investments in service quality improvements, better operational efficiency and higher safety of operations at three main Lithuanian airports. \u201cThe infrastructure renewal … Continued<\/a><\/p>\n","protected":false},"author":22,"featured_media":7393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"ep_exclude_from_search":false,"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-5275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-07-20 02:58:05","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/ltou.lt\/en\/wp-json\/wp\/v2\/posts\/5275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ltou.lt\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ltou.lt\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ltou.lt\/en\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/ltou.lt\/en\/wp-json\/wp\/v2\/comments?post=5275"}],"version-history":[{"count":0,"href":"https:\/\/ltou.lt\/en\/wp-json\/wp\/v2\/posts\/5275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ltou.lt\/en\/wp-json\/wp\/v2\/media\/7393"}],"wp:attachment":[{"href":"https:\/\/ltou.lt\/en\/wp-json\/wp\/v2\/media?parent=5275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ltou.lt\/en\/wp-json\/wp\/v2\/categories?post=5275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ltou.lt\/en\/wp-json\/wp\/v2\/tags?post=5275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}