Lithuania secures €300 million EIB loan to boost defence on EU's eastern border
Lithuania, Nov. 7 -- In yet another major step to reinforce European security, the European Investment Bank (EIB) is providing €300 million to the Lithuanian government for investments in military infrastructure. The loan marks a strategic milestone in reinforcing the EU's eastern border, where Lithuania plays a key role in NATO's collective defence and rapid-response capabilities.The financing will help Lithuania strengthen its defence capabilities through investments in key areas: harbour boats for piloting and towing, medical transport and equipment, and new infrastructure for residential, administrative, training, transport and logistics needs. The upgrades will support the Lithuanian Armed Forces and help meet North Atlantic Trea...
To read the full article or to get the complete feed from this publication, please
Contact Us.