EIB and Swedbank have secured €200.75 million in financing for the developer of the Rūdninkai military campus

The developer of Part A of Stage II of the Rūdninkai military campus in Lithuania project, Rudina, UAB, has signed loan agreements with the European Investment Bank (EIB) and Swedbank. Each institution is providing a loan of €100.37 million. Ellex Lithuania, together with international law firm Watson Farley & Williams, acted as legal counsel to the lenders in the financing transactions.

The Rūdninkai military campus, being developed for the German brigade, is the largest military infrastructure project in the history of independent Lithuania.

“This is not only a strategically important project that will strengthen NATO’s eastern flank, but also an exceptionally complex project. The project is being implemented as a public-private partnership (PPP), bringing together the public and private sectors, private capital, and international financial institutions,” says Eglė Neverbickienė, Associate Partner at Ellex Lithuania.

The transaction team also included Associate Elvika Leščinskaitė, Senior Associate Kristina Saukalienė, Associate Partner Gabrielė Vazniokaitė.

With the loans from the EIB and Swedbank now secured, Rudina’s agreement with the Lithuanian Ministry of National Defence has entered into full force on 23 June, enabling full-scale construction works to commence.

Part A of Stage II covers the development of a 52-hectare site, where 27 buildings designed for military use will be constructed, with a combined gross floor area of nearly 94,000 square metres. The critical infrastructure will be handed over for use by the German brigade by the end of 2027.

The military campus will ultimately cover approximately 190 hectares within the Rūdninkai military training area. In addition to Part A, Stage II will also include Parts B and C. Upon completion, the entire infrastructure will remain the property of the Republic of Lithuania and will be managed and operated by the Lithuanian Armed Forces.

Part A of Stage II is being delivered by a consortium comprising Conres, INVL Asset Management, and Fegda, through the special purpose vehicle Rudina, UAB.