Lithuania and European Investment Bank (EIB) established the EUR 150 million “Jessica II” fund and signing an agreement on a EUR 1,3 billion loan facility. The “Jessica II” fund will continue the support for energy efficiency investments in Lithuania to cut energy bills.
The EUR 300 million loan for Lithuania, signed by Minister Šadžius and the EIB Vice-President van Ballekom, will support investment in the areas of communications, energy, sustainable transport infrastructure and rural development. It is the first tranche of a larger facility, totalling up to EUR 1,3 billion and will be available as co-financing for selected projects under Lithuanian operational programmes for 2014–2020.
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