Lithuania loan; funding found for road reconstruction

Plans to upgrade the Vilnius to Utena highway in Lithuania will now go ahead following the securing of a loan to help pay for the project. The €40 million loan is being sourced from the European Investment Bank (EIB). The loan will be for a period for 12 years, with guarantees being provided by the European Fund for Strategic Investments (EFSI). In all, the work to upgrade the 72.15km A14 route between capital Vilnius and Utena will cost close to €91 million, with the Lithuania Road Administration (LRA) pla
September 29, 2016 Read time: 2 mins
Plans to upgrade the Vilnius to Utena highway in Lithuania will now go ahead following the securing of a loan to help pay for the project. The €40 million loan is being sourced from the European Investment Bank (EIB). The loan will be for a period for 12 years, with guarantees being provided by the European Fund for Strategic Investments (EFSI). In all, the work to upgrade the 72.15km A14 route between capital Vilnius and Utena will cost close to €91 million, with the Lithuania Road Administration (LRA) planning to carry out the work under the PPP model. The road also provides connections to other towns including Kulionys, Moletai and Riese.

The road was constructed 30 years ago from concrete, initially as a route for the military, and is said to be in major need of reconstruction due to the deterioration of the surface. The roadway is said to be heavily cracked in many areas, reducing vehicle speeds and requiring regular repairs. The upgrade will see the route being widened to three lanes enabling it to carry greater traffic volumes than at present. Around 7,000 vehicles/day currently use the route but traffic volumes are expected to increase once the upgrade has been carried out.
Finance & Funding Road Structures

Related Content

  • ASECAP: maintenance mindshift turns spending into investment
    August 4, 2017
    With an estimated value of €8 trillion, the road infrastructure is probably the European Union’s largest single asset. It accounts for 83% of passenger journeys and more than 70% of freight movement. Despite this importance, global investment in roads - especially maintenance - has fallen, said Christophe Nicodeme, European Road Federation secretary general. There are grave consequences, noted Nicodeme in his opening keynote address to the recent Study and Information Days gathering, an annual event for mem
    Read More
  • Morocco’s new motorway links are boosting connectivity
    December 16, 2014
    Morocco’s massive motorway construction programme will improve transport connections and boost this North African country’s economy - Mike Woof reports A massive road building programme is transforming Morocco, with new motorways connecting cities and major towns, as well as many new rural roads being built. The Moroccan Government has set an impressive plan for its infrastructure investment that will see even the country’s small and remote villages having proper connections to the main road network. The
    Read More
  • Highways: environmental problem or environmental enhancement?
    March 21, 2016
    Highways need not be a blight on the countryside that many people, urban planners included, believe they will always be. By Bram Miller, director, and Martin Broderick, environmental consultant, at Ramboll Environ While the world’s highway networks bring undoubted economic and social benefits, they are generally perceived to lead to negative environmental impacts. Some may consider this an unfair reputation, but it is difficult to argue that in the majority of cases both the construction and operation of
    Read More
  • India plans major infrastucture investment
    February 10, 2012
    India says it turned its Commonwealth Games into a world-class success, and now it aims to do the same with its infrastructure. Patrick Smith reports. On October, 2010 India put itself on the world stage, and disaster appeared to loom as a catalogue of problems dogged its biggest ever sporting event. Costing nearly US$2 billion to stage, the most expensive Commonwealth Games ever were, according to some, in doubt.
    Read More

Highlighted Content