EU Investment

Lithuania was one of the first European Union countries to adopt its Partnership agreement and Operational programme for 2014–2020 period. Currently the implementation of the programme is gaining momentum – Lithuania has projects under implementation for 853 million Eur of EU funds. 

The total allocations to Lithuania from EU funds for 7-years period amount 6,709 billion Eur. At the end of year 2016 36 % of project financing conditions were prepared, 13 % were allocated to projects under implementation, 5 % were paid to the beneficiaries.

In the 2014–2020 period critical mass of EU funding, ensuring a meaningful impact and guaranteeing that investments are made in those areas that have a long-term impact on growth and jobs.

The Ministry of Transport and Communications together with the social partners set out the transport, communications and information society development priorities, objectives and activities and transferred them into the National Progress Programme for the period 2014-2020, approved by Resolution No 148 of the Government of the Republic of Lithuania of 28 November 2012.

In the context of EU policy, the TEN-T network is supported through different Programmes. In that respect, projects on this network are eligible to receive EU grants, as a rule in a form of co-financing, notably from the TEN-T Programme (Multi-Annual Work Programme and Annual Work Programme), Cohesion funds, ERDF and the Research Framework Programme. However, it is not possible for the same project to receive grants from more than one EU funding source. TEN-T projects may also benefit from loans and guarantees from the European Investment Bank (EIB).

The 31.7 billion euros allocated to transport under the Connecting Europe Facility of the MFF (Multi-Annual Financial Framework) will effectively act as "seed capital" to stimulate further investment by Member States to complete difficult cross-border connections and links which might not otherwise get built. Every 1 million euros spent at European level will generate 5 million from Member State governments and 20 million from the private sector.

For more information about TEN-T, visit "http://ec.europa.eu/transport/infrastructure/revision-t_en.htm"

CONNECTING EUROPE FACILITY

The Connecting Europe Facility (CEF) is a key EU funding instrument to promote growth, jobs and competitiveness through targeted infrastructure investment at European level. It supports the development of high performing, sustainable and efficiently interconnected trans-European networks in the fields of transport, energy and digital services. CEF investments fill the missing links in Europe's energy, transport and digital backbone. 

The CEF benefits people across all Member States, as it makes travel easier and more sustainable, it enhances Europe’s energy security while enabling wider use of renewables, and it facilitates cross-border interaction between public administrations, businesses and citizens.

In addition to grants, the CEF offers financial support to projects through innovative financial instruments such as guarantees and project bonds. These instruments create significant leverage in their use of EU budget and act as a catalyst to attract further funding from the private sector and other public sector actors.

Since January 2014, Innovation and Networks Executive Agency (INEA) is your gateway to funding under the CEF. INEA implements most of the CEF programme budget, in total €27.4 billion out of €30.4 billion (€22.4 billion for Transport, €4.7 billion for Energy, and €0.3 billion for Telecom).

The CEF is divided into three sectors:

The Ministry of Transport and Communications of the Republic of Lithuania is the institution, responsible for CEF Transport and Telecom sectors.

Last updated: 18-05-2016