Lithuania: Government allocates EUR 276mn for military mobility projects

The Lithuanian government has allocated EUR 276mn from borrowed funds for military mobility and infrastructure projects in 2023, BNS reports. Finance Minister Gintare Skaiste said that the Defence Ministry would invest EUR 148mn and the Ministry of Transport and Communications another EUR 128mn in the first year of the investment programme. Total investments in military infrastructure and mobility projects will amount to EUR 540mn over 2023-2025, and EUR 380mn of the sum will come from a temporary “solidarity tax” on large commercial banks. The funds will be used to construct new buildings, ammunition and explosives depots, firing ranges, roads, and other projects.