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Lithuanian Railways signs Nordic Investment Bank loan

21 Dec 2015

LITHUANIA: National railway LG signed a €50m, 15-year loan agreement with Nordic Investment Bank on December 14. This is the fifth NIB loan to LG since 2009, and takes the total value to €266m.

The loan will be used along with EU funds to finance infrastructure projects from LG’s €1·54bn investment programme for 2014–20. Projects include the Rail Baltica standard gauge line, electrification of the lines from Naujoji Vilnia to Kena and Gudagay in Belarus and from Kaišiadorys to Radviliškis, including double tracking, and doubling of the Valčiūnai – Kyviškės bypass around Vilnius.