Lithuanian capital Vilnius to build nine schools and kindergartens with €168 million financing from EIB and NIB
Lithuania, Jan. 23 -- The Lithuanian capital Vilnius will build a total of nine schools and kindergartens with €168 million in financing from international lenders including the European Investment Bank (EIB). The EIB is providing €84 million and the Nordic Investment Bank (NIB) is matching the sum. The EIB and NIB financing takes the form of loans to the city through a special-purpose company named Vilnius Education Infrastructure. The project involves the construction of five kindergartens and four schools over the coming three years. The new premises will serve more than 4 000 children in Vilnius and have high energy-efficiency and environmental-sustainability standards. By 2028, the new premises will serve around 4 290 child...
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