Cederquist has advised European Investment Bank and Nordic Investment Bank on the EUR 168 million financing of the construction by UAB Vilnius Education Infrastructure of 9 educational facilities in Vilnius, Lithuania

Cederquist has advised the European Investment Bank (EIB) and the Nordic Investment Bank (NIB) in connection with the EUR 168 million project financing of construction and operation of by UAB Vilnius Education Infrastructure of 9 schools and kindergartens in Vilnius, Lithuania.

The EIB and NIB financing takes the form of loans to a special purpose vehicle (SPV) named Vilnius Education Infrastructure. The project involves the construction of five kindergartens and four schools over the coming three years. The new premises will serve more than 4,000 children in Vilnius and have high energy-efficiency and environmental-sustainability standards.

Vilnius Education Infrastructure was created by Vilnius Development Company, which is fully owned by the Vilnius City Municipality, to implement and finance the project. The initiative is the first of its scale in the region in which a municipally controlled company independently borrows from financial institutions to develop education infrastructure.

Cederquist’s team consisted of Berndt Pettersson, partner, Emelie Taube, senior associate and Sofia Eriksson, associate.

For further information, please refer to the press release published by EIB, available at: Lithuanian capital Vilnius to build nine schools and kindergartens with €168 million financing from EIB and NIB