Klaipėda launches billion-euro port expansion

Klaipėda has launched an investor tender for a €1 billion southern port expansion to create boost capacity

The Klaipėda State Seaport Authority has launched an international tender to attract strategic investors for the development of a new 100-hectare port area in southern Klaipėda, Lithuania, as part of an expansion project valued at more than €1 billion.

The development represents the largest expansion of the port in independent Lithuania’s history and aims to increase cargo-handling capacity, attract new maritime industries and strengthen the port’s long-term competitiveness.

Minister of Transport and Communications Juras Taminskas said: “This is the largest expansion of the Port of Klaipėda in the history of independent Lithuania. It is an investment that will strengthen the port’s competitiveness, generate billions of euros in value for our economy and improve security across the region.”

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