EIB completes €290 million financing package for Lithuania's military base in R?dninkai
Lithuania, July 10 -- The European Investment Bank (EIB) has completed a €290 million financing package for Lithuania's planned military base in the southeastern area of R?dninkai, marking a major step in the delivery of one of the largest defence-infrastructure projects in the Baltic region.The financing was finalised through agreements covering all three principal sections of work on "R?dninkai Military Town", which will serve as a North Atlantic Treaty Organization (NATO) facility. The accords reinforce the timetable for constructing the military infrastructure, which is due to become operational at the end of 2027.A couple of weeks ago, the EIB signed a €105 million loan, including a €5 million reserve facility, with a...
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