NIB backs infrastructure upgrades at Lithuanian airports
NIB and Lithuanian Airports have agreed on a loan of EUR 20 million for the company’s 2025–2028 investment plan. The investments aim to enhance operational efficiency and strengthen Lithuania’s aviation sector’s long-term development.
A significant share of the financing will go towards constructing a multi-level parking facility at Vilnius Airport, which will help ease passenger flow and improve accessibility. In addition, the company will upgrade its ground transport fleet by acquiring new loaders, tractors, snow removal vehicles, sweepers, and other equipment to ensure smooth operations in all weather conditions.
The investment plan also includes the purchase of electric buses and charging infrastructure, making passenger transfers more sustainable.
“Pursuing our approved strategy, we’re continuing to invest in infrastructure to build world-class facilities, make travel smoother, and advance sustainable operations. We value our further cooperation with NIB, which is maintaining its partnership and helping to fund these projects,” says Petras Akstinas, CFO at Lithuanian Airports.
“This latest financing marks the continuation of our collaboration with Lithuanian Airports, supporting the company in achieving its strategic goals,” says Vilius Girkontas, Country Lead for Lithuania at NIB. “These investments will not only enhance service quality but also contribute to more sustainable airport operations.”
Joint Stock Company Lithuanian Airports operates the three largest international airports in Lithuania: Vilnius (VNO), Kaunas (KUN), and Palanga (PLQ). In 2024, the airports served 6.6 million passengers.
NIB is the international financial institution of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The Bank finances projects that improve productivity and benefit the environment of the Nordic-Baltic region. The Bank is headquartered in Helsinki with a regional hub in Riga. NIB has the highest possible credit rating, AAA/Aaa, with S&P Global Ratings and Moody’s.
For further information, please contact
Vilius Girkontas, Senior Banker, Country Lead for Lithuania, vilius.girkontas@nib.int
Elīna Neimane, Senior Communications Officer, +358 10 618 0871, elina.neimane@nib.int
