EU To Turn Lithuanian Port Into NATO Hub In Baltic Region

(MENAFN- UkrinForm) This was reported by TVP World, citing a statement by the European Investment Bank (EIB), Ukrinform reports.

The international financial institution, owned by EU member states, said on Tuesday, September 15, that the €201 million project involves upgrading a terminal at the port of Klaipėda to accommodate NATO vessels.

The project will also include the development of infrastructure to supply vessels with shore-based electricity,“green” hydrogen, and offshore wind power.

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According to the publication, the project will help boost military mobility while also strengthening the region's role in clean energy.

The project is expected to be completed by the end of next year and will be partly financed through a €100 million EIB loan, with the remaining funds provided by the European Union, national sources, and other institutions, the bank said.

The EIB emphasized that parts of the port's civilian cruise terminal will be adapted to NATO requirements to provide“more efficient logistical support for the Alliance's naval vessels.”

“This dual-use approach strengthens military mobility while preserving the infrastructure's value for civilian transport and the local economy,” the institution added.

As previously reported by Ukrinform, Lithuanian Defense Minister Robertas Kaunas said that Europe must strengthen and accelerate military assistance to Ukraine over the next six to nine months, and urged European countries to increase their investments.

Photo: European Investment Bank

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