Lithuania and Croatia have formally joined the Three Seas Initiative Investment Fund. The Fund has successfully raised an additional €290 million of commitments.
A commitment of €250 million has been made by Poland’s BGK; €20 million by VIPA, Lithuania’s Public Investment Development Agency and €20 million by HBOR, the Croatian Bank for Reconstruction and Development. This takes the Fund’s total commitments to €913 million.
BGK’s additional commitment, in addition to its original €500 million commitment, was announced at the Three Seas Initiative Summit in Tallinn in October 2020. Lithuania and Croatia formally join the Fund alongside Poland, Romania, Estonia, Latvia, Hungary, Slovenia and Bulgaria as Core Sponsors.
3SIIF is a dedicated commercial fund targeting infrastructure investments in Central and Eastern Europe (‘CEE’). The Fund will invest in energy, transport and digital infrastructure in European Union (‘EU’) CEE member states which border the Baltic, Adriatic and Black Seas where the demand for long-term commercial investment into national infrastructure is among the highest in the EU.