EIB backs Lithuanian port for defence & clean energy

The European Investment Bank (EIB) is providing a €100 million loan to transform Lithuania's largest seaport, Klaipėda, into a strategic hub for defence, clean energy, and trade in the Baltic Sea region. This investment, part of the EU's broader strategic goals, aims to enhance the port's infrastructure to support both military logistics and the growing clean energy sector. It signifies a crucial step in strengthening European security and energy independence while boosting regional economic development. The project will contribute to job creation and technological advancements in the area.

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