Port of Klaipeda invests US$320 million in infrastructure upgrades

Klaipeda Port Authority is firmly advancing its vision to transform the Lithuanian port into a pioneering center for port services, the maritime industry, and green energy.

This vision is encapsulated in its ambitious development strategy, which commits to investing EUR 308 million (US$320 million) over the next four years into cutting-edge infrastructure, value creation in maritime businesses, and sustainability initiatives.

Algis Latakas, Director General of Klaipeda Port Authority, stated that the aim is to evolve into a hub that not only responds to global changes but actively influences them.

Beyond routine annual investments in modernizing quays, renewing…