Growth forecast for Lithuanian construction
05 August 2013
The energy and communications infrastructure market is tipped to be the fastest-growing category in infrastructure construction in Lithuania by 2017, according to research company Timetric.
The country's energy and communications infrastructure sector is forecast to enjoy annual growth of 4.74% up until 2017. The sector accounted for 20.6% of Lithuania’s infrastructure construction market in 2012.
After years of relying on Russia for its energy supply, Lithuania is now looking to develop local power supplies linking to EU energy systems.
Already, funding worth LTL5.4 billion (€1.6 billion) has been allocated to Lithuania for the development and modernisation of its infrastructure. A Lithuania-Poland power link and a new gas pipeline linking to the EU’s gas network were identified as the two largest projects up to 2020.