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The Nordic Investment Bank (NIB) has signed an uncommitted credit agreement of USD 64.6 million with AB Klaipeda State Seaport Authority to support an infrastructure investment program at the Port of Klaipeda, in Lithuania.
The funding will support improvements aimed at strengthening maritime safety, increasing capacity, enhancing environmental performance, and bolstering operational security and resilience.
The program includes improvements to navigation infrastructure and port access, new passenger and cruise facilities, modernization of Port Authority assets, and the deployment of low-emission solutions such as shore power supply for vessels and Lithuania's first green hydrogen production and refueling center. Investments also cover improvements in radar systems and cybersecurity.
"These investments not only seek to modernize the infrastructure but represent a firm step towards the port of the future. The Port of Klaipeda is consolidating itself as a modern, sustainable, and resilient logistics platform. By expanding its capacity, implementing green technologies, and improving security, we are building a port that addresses current challenges and is prepared for tomorrow's opportunities, from the growing flow of cargo to the development of green energy solutions," stated Algis Latakas, CEO of the Klaipeda State Seaport Authority.
"Efficient and adaptable infrastructure is essential for ports operating in a changing economic and geopolitical environment. By combining operational efficiency with cleaner technologies, the Port of Klaipeda is increasing its capacity and promoting more sustainable operations. At the same time, it plays an important role in supporting the resilience of the regional supply chain and maintaining reliable trade links," declared André Küüsvek, President and CEO of NIB.
The investment program will enable safer and more efficient maritime traffic, facilitate access for larger vessels, and increase cargo handling capacity. It also supports the diversification of port activities, including offshore wind energy logistics and green energy operations, while creating jobs and improving trade connectivity.
The cruise terminal, which accounts for approximately 45% of the total investment, will support the growing passenger traffic at the port. Other projects focus on improving maritime traffic conditions and operational efficiency. The shore power supply system is expected to reduce greenhouse gas emissions from vessels using the port, while the hydrogen facilities will contribute to cleaner transport solutions.
The total cost of the investment program amounts to approximately USD 129 million. Since 2002, NIB has signed five loan agreements with the Klaipeda State Seaport Authority, totaling USD 107 million, to support the development of port infrastructure.
The Port of Klaipeda is Lithuania's main maritime gateway and the largest port in the Baltic countries. In 2024, it handled approximately 35 million tons of cargo, representing almost 40% of the regional market.
The Klaipeda State Seaport Authority is a strategic company in Lithuania's transport sector, responsible for the management, development, and strengthening of the competitiveness of the country's only seaport. The company ensures safe, efficient, and environmentally sustainable port operations, creating conditions for the smooth transit of cargo and passengers and the growth of international trade.
Its activities include the development and modernization of port infrastructure, ensuring navigation safety. The Klaipeda Port Authority actively invests in innovation, digitalization, and sustainability solutions, driving green technologies, reducing emissions, and contributing to climate change mitigation goals.
NIB is the international financial institution of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The bank finances projects that improve productivity and benefit the environment in the Nordic-Baltic region. Its headquarters are in Helsinki and it has a regional office in Riga.
Source: portalportuario
