Nordic Investment Bank

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NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

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Lithuania to get new electric trains under NIB-EIB-LTG Link deal

Fri, Apr 19, 2024 12:02 CET

The Nordic Investment Bank (NIB), the European Investment Bank (EIB) and LTG Link have signed a financing agreement for the purchase of electric and battery-powered trains.NIB and the EIB will provide loans of EUR 100 million each to finance nine electric and six battery trains, which will replace about one-third of the passenger train fleet. The new trains will not only be more comfortable than diesel trains, but will also reduce journey times. Low-floor cars will make boarding easier for older people, pregnant women, parents with small children and all passengers with reduced mobility.

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Lithuania to get new electric trains under NIB-EIB-LTG Link deal

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