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

  • Major road widening project for Cambridgeshire
    May 12, 2016
    Work to upgrade the A14 route in Cambridgeshire now looks set to commence at the end of 2016. The A14 will be widened along a 33.6km stretch as part of a programme of works to increase its capacity. The work will also involve building a new bypass around Huntingdon as well as widening a section of the A1. The project also includes making a series of improvements to five junctions situated along the route, located at Bar Hill, Swavesey, Girton, Histon and Milton. In all the work is expected to cost some £1.5
    Read More
  • Florida highway rebuild project
    May 2, 2018
    Rebuilding a congested stretch of highway in Florida will cut congestion and boost safety for commuters - Mike Woof writes. Florida’s 214km-long I-4 highway provides a key transport route between Tampa and Daytona Beach, but has an unenviable reputation for both congestion and safety, with frequent delays due to heavy traffic as well as crashes. The stretch running through the city of Orlando is particularly prone to jams at peak periods, with huge traffic volumes resulting in vehicles having to slow to a c
    Read More
  • New ring road to solve problem of traffic jams in Ukraine capital Kiev
    May 10, 2018
    Ukraine’s capital Kiev will benefit from a new ring road – Eugene Gerden writes The government of Ukraine, together with the authorities of the Ukrainian capital Kiev, plans to invest up to US$2 billion in the building of a new ring road around the city. The new road, known as the Great Ring Road, will be around 200km long, of which 65km will be of existing roads and 148km of new roads. The ring road will connect three international transport corridors that run through the territory of Ukraine, as well
    Read More
  • Upgrades underway for Tarrant tollway in Texas
    September 20, 2013
    Financing has been found to fund construction work on the North Tarrant Express (NTE) in Texas. The public-private partnership project for Segment 3A of the route will be carried out by NTE Mobility Partners Segments 3 LLC (NTEMP3). The rebuilding of the I-35W road close to Fort Worth will help reduce traffic congestion on the route at peak periods. The public-private partnership has been agreed between NTEMP3, the Texas Department of Transportation (TxDOT) and the North Central Texas Council of Governments
    Read More

Highlighted Content