Klaipeda courts private investment

Klaipeda State Seaport Authority is seeking new private sector investment to develop infrastructure in the port. Incoming chief executive Eugenijus Gentvilas has stressed an urgent need for partnership with private capital, pointing out that existing port users should be given the possibility to make investment themselves. He added that with construction costs currently at an all-time low, it made sense to invest in the area to get the best value for money.