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2020-06-15

Klaipeda FEZ Management Company Implementing an EU-funded Infrastructure Project

15 Jun 2020

The Klaipeda Free Economic Zone Management Company is monitoring the global trends in economic development and seeks to maintain its competitiveness by catering to R&D and innovation-driven companies.

For these reasons, Klaipeda FEZ plans to implement several upgrades in its infrastructure in the areas of energy, transport and various custom solutions. Several marketing measures are also included in this project, funded by the European Regional Development Fund.

The project aims to attract foreign direct investment specializing in smart, high value-added and innovation-driven areas. The total scope of the project is 1,032M EUR, with the European Regional Development Fund contributing 1,015M EUR.

The project was signed on May 25, 2020, and is scheduled for completion on November 15, 2022.

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