Airport, EU – Baltic States, Good for Business, Investments, Lithuania, Transport

NIB and Lietuvos Oro Uostai had signed an agreement on a 15-year maturity loan, NIB said in a press release.

“The infrastructure renewal will allow Lithuanian airports to adapt to the expected growth of passenger traffic in the future, once the COVID-19 pandemic is under control,” the press release quoted Henrik Normann, NIB President and CEO, as saying.

According to Marius Gelzinis, CEO of Lietuvos Oro Uostai, investments in the Lithuanian airports network infrastructure improvements should pay off within a period of 10–15 years,

The projects include renovating the existing terminals in Kaunas and Vilnius as well as building a new departure terminal at Vilnius airport. Moreover, investment will be used for renewing airfield infrastructure in all three airports, and reconstructing the runway in Palanga.

The airport of Vilnius last year handled 5 million passengers, the airport of Kaunas – 1.2 million passengers, and the airport of Palanga – 300,000 passengers.