International Internet Magazine. Baltic States news & analytics
Thursday, 28.07.2016, 17:28
Klaipeda Port would have to invest at least LTL 230 mln into the LNG terminal
Meanwhile, from 2012 to 2014, the Authority plans to invest a total of LTL 514 (EUR 149 million), of which LTL 123 (EUR 35.6 million) would be directed to the project terminal, reports LETA/ELTA, referring to Vakaru ekspresas.
What is more, in these 3 years the Seaport Authority, according to the treaty, would pay 50% of its profit to the state budget (around LTL 130 million/EUR 37.7 million). That means a destruction of the seaport and its stevedoring companies because only 5% of the projected funding would be left for the new projects. What is even worse, is that the port is demanded to give LTL 100 million (EUR 29 million) more to the LNG terminal project than it was originally planned. "If we now sign a treaty suggested by Klaipedos Nafta, this will mean that we do not give a cent to any of the projects proposed by the port companies," the director general said. Will the Government manage to find a Solomon-like decision on investments to a project which is essential to the entire country?