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Nordic Investment Bank to provide long-term loan to Lithuania for buildings renovation

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On April 2015, NIB and the Republic of Lithuania signed a loan agreement, totalling EUR 100 million, with a maturity of 20 years, to improve energy efficiency in public and residential buildings.


The long-term loan will finance the renovation of apartment buildings with a total surface area of 4 million square metres and 49 public buildings, mainly hospitals, health centres and community centres.

 

This is the second phase of the state-sponsored programme. In the first phase, which was implemented in 2009–2014 and also co-financed through a EUR 100 million NIB loan, energy efficiency was improved in 362 apartment buildings and 50 public buildings.

 

The complete article is available here. 

 

 

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