VILNIUS CITY STREET LIGHTING (EIB-20170775)

Countries
  • Lithuania
Where the impacts of the investment may be experienced.
Specific Location
Vilnius
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
UAB VILNIAUS GATVIU APSVIETIMO ELEKTROS TINKLAI
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 18.44 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 15 million
Converted using 2018-03-16 exchange rate.
Project Cost (USD)
$ 27.05 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 22 million
Converted using 2018-03-16 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Apr 5, 2018

Disclosed by Bank Mar 16, 2018


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Project Description

This project finances the modernization of the city of Vilnius' street lighting infrastructure, including the replacement of sodium lamps with LED lights, improvements to the lighting network, management and control systems. The aim of this project is to improve energy efficiency.

Investment Description
  • European Investment Bank (EIB)
Private Actors
  • Vilniaus Gatviu Apsvietimo Elektros Tinklai UAB -- Implementing Company
Contact Information

No contacts available at time of writing.

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