City of Vilnius seeks €50m from EIB to finance infrastructure
The city of Vilnius is seeking to borrow €50 million from the European Investment Bank (EIB) to finance new infrastructure projects and refinance existing debt.
The EIB said on its website that the city's request was "under appraisal”.
Alma Vaitkunskienė, the municipality's director of administration, said that the city wanted to borrow funds for new projects, as well as to refinance existing loans.
"Since the new programming period has st