EIB: a €100M loan to help the Lithuanian port of Klaipeda to become dual-use defence and clean-energy hub

News Tank Transitions - Paris - News #453768 - Published on 16/09/26 at 16:32
©  DOMANTAS
©  DOMANTAS

The European Investment Bank is providing a €100M loan to help transform Klaipeda, Lithuania's largest seaport, into a dual-use defence and clean-energy hub, it announced on 15 September 2026.

The financing will cover roughly half of the port's €201M investment programme, with the remainder coming from the European Union, national sources and other institutions.

The project includes shoreside electricity supply for ferries, green-hydrogen production and refuelling infrastructure, low-emission port vessels, upgraded quays for offshore wind development, dredging works and reinforced breakwaters.

As part of the EU's core Trans-European Transport Network (TEN-T), the port of Klaipeda will be able to position itself as a logistics hub for the deployment and maintenance of offshore wind farms, supporting Europe's green transition and energy security.

According to Algis Latakas, Director General of the Seaport Authority, “the financing agreement [...] will help us deliver key projects that are shaping the future of Klaipėda Port - from the new dual-use Cruise Ship Terminal and shore power…

©  DOMANTAS
©  DOMANTAS

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