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Klaipeda FEZ Management Company Implementing an EU-funded Infrastructure Project

15 Jun 2020

The Klaipeda Free Economic Zone Management Company is actively monitoring the global trends in economic development and seeks to maintain its competitiveness by catering to R&D and innovation-driven companies. The production and services by such companies carry higher added-value and, consequently, positively contribute to national and regional economies.

For these reasons, Klaipeda FEZ seeks to attract foreign companies that would carry out R&D activities. Consequently, a project that would invest in Klaipeda FEZ infrastructure needed for this goal is planned.

The project aims for upgrades in four directions: energy infrastructure, transport communications, network infrastructure and marketing measures.

The project is financed by the European Regional Development Fund.

Project name – Klaipeda FEZ infrastructure development to attract foreign direct investment in smart specializations.

Project goal – to build an environment needed to attract FDI in smart specializations.

Project executor – UAB Klaipeda free economic zone management company.

Total project scope – 1 032 244,04 Eur

European Regional Development Fund contribution up to – 1 015 302,86 Eur

Project signing date – 2020 05 25

Project measures start – 2020 01 20

Project end – 2023 07 31

More in Lithuanian HERE.

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