ISRI IP

Investment project “Ultra – fast network infrastructure”

The European Commission, in response to the economic and social consequences caused by COVID-19, in 2020 May 20 presented the Economic Revitalization and Resilience Enhancement Tool, which provides a unique opportunity not only to help the economy recover from the pandemic, but also to accelerate the structural transformation of the country's economy towards the creation of higher added value. The European Economic Revitalization and Resilience Enhancement Fund provides Lithuania grant for 2.225 billion EUR, which will be used for seven component categories: green transformation, digital transformation, health, social affairs, science and innovation, education, public management.

To take advantage of the European Economic Revitalization and Resilience Enhancement, the Ministry of Finance of the Republic of Lithuania prepared an integrated "New Generation Lithuania" plan, which component "Digital transformation for economic growth" covers investments C.1.5.2 "Step towards 5G". 1.5.2 sub-Measure "Further Development of Ultra High Bandwidth Networks". For the implementation of this sub-measure, the investment project "High-speed communication infrastructure" is being prepared.

The investment project was prepared by the supplier selected through public procurement – “Starkodas”. The purpose of the investment project is to prepare an investment project, based on which an application would be submitted for funding from the Economic Recovery and Resilience Facility (RRF) sources, which is required to implement the "Ultra-high-speed communication infrastructure" project.