Nordic Investment Bank ( NIB ) has signed a €33.4 million ( US$38.28 million ) loan with Lithuanian Airports to finance the construction of a new arrivals terminal at Vilnius Airport. 

The project seeks to increase the airport’s capacity and improve passenger flow by reducing bottlenecks, while also enhancing safety and baggage handling processes. 

The financing forms part of a broader €53.4 million loan agreement to support the airport’s infrastructure development programme for 2025-2028. An initial €20 million has already been allocated to the implementation of a new ground transportation programme, including the acquisition of electric buses, the installation of electric vehicle charging infrastructure, and the construction of a multi-level parking facility.

Together, these investments will improve operational efficiency and support the long-term development of Lithuania’s aviation sector. 

“As Vilnius Airport welcomes record passenger numbers, we are continuing investing into the latest infrastructure and airport technologies for safe and reliable operations, paired with a great customer experience,” says Lithuanian Airports chief financial officer Petras Akstinas. “The future arrivals terminal will both open a new chapter in our history and act as a visitor’s card for the country’s main air gateway.”

NIB president and chief executive officer André Küüsvek adds: “Efficient and well-functioning transport infrastructure is essential for regional connectivity and economic growth. Investments in Vilnius Airport will enhance its capacity to manage growing passenger flows while supporting the transition towards more sustainable operations.” 

Lithuanian Airports operates and manages the country’s three international airports: Vilnius, Kaunas, and Palanga. In 2025, the airports collectively served 7.16 million passengers.