Furthermore, EBRD vowed to attract private capital to projects,
related with social problems of Visaginas city. EBRD spoke of
intentions to grant loans for modernisation of Lithuanian railways
network, and become an adviser and finance construction of an energy
bridge between Lithuania and Poland. The bank urged the Lithuanian
government to speed up consideration of issues, related with
modernization of Kaunas city heating networks.
Bank representatives proposed to grant loans for development of small-
and medium-scale trade through any Lithuanian bank. EBRD officials
claimed to be able to grant up to 100,000 loans per year with loan
amounts standing up to $50,000. Kubilius and bank officials agreed to
have Lithuanian ministries of economy and finance submit to EBRD
specific proposals on the specific Lithuanian bank, which could act as
a partner of the European bank in implementation of the projects.