The loan, agreed upon Dec. 22, will insure the building of a new treatment facility that will treat the sludge, making it able to be used in a power plant or as fuel.
"It is important to continue with environmental investments also during difficult times. The project of Vilniaus vandenys is a good example of that. Treating and recycling sludge will not only help improve the environment in Vilnius, but also cut hazardous discharges to rivers leading to the Baltic Sea, which is a priority for NIB and important for the region as a whole," said Johnny Akerholm, Nordic Investment Bank president and CEO in a press release.
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