Water Management Fund

This is up to 100% of the eligible costs. The project envisages the development of sewage collection networks as one of the project activities and the applicant seeks partial funding for this activity under the measure ‘Development of sewage collection networks’. The amount of the loan shall be reduced accordingly (based on the intensity of the funding provided and the amount of repayable subsidy that can be granted, as set out in the Schedule of the Financing Conditions for projects under the facility ‘Development of sewage collection networks’). Eligible expenditure shall be paid on a pro-rata basis. (The corresponding part of the total eligible costs of the project is financed by means of a loan, the remaining part of the eligible costs by means of a repayable subsidy under the facility ‘Development of sewage collection networks’). The total amount of the loan and the repayable subsidy will not exceed 100% of the eligible project costs.

Eligible costs are:

• costs of geodetic measurements, cadastral measurements, construction research and legal registration directly related to the project activities;
• construction and reconstruction of centralised drinking water and waste water collection networks (including construction within the boundaries of assets owned or otherwise managed and/or used by the consumer);
• cost of resurfacing (only the part which has been damaged as a result of the execution of the project and has to be restored to its former condition shall be financed);
• technical maintenance costs of construction of a construction works;
• costs of drawing up design proposals laid down in Technical Construction Regulation STR 1.05.06:2010 ‘Design of a construction works’, supervision of the execution of a construction works design and carrying out of expert examinations (eligible when the total costs together do not exceed 7% of the project’s eligible costs);
• the cost of preparing the building permits and the documents certifying the completion of construction, as laid down in the Technical Regulation for Construction STR 1.05.01:2017 ‘Construction authorisation documents. Construction Completion. Suspension of construction. Elimination of Consequences of Unauthorised Construction. Elimination of the consequences of construction in accordance with the illegally issued construction authorisation’;
• the cost of compulsory civil liability insurance for the designer of the building, the contractor for the expert examination of the building project (part thereof), the technical supervisor of the building construction; the cost of compulsory insurance for the construction, reconstruction, repair, renovation (modernisation), demolition and maintenance works of a building of cultural heritage, as well as for the liability insurance for the construction of the building;
• costs of engineering geological and geotechnical surveys, construction surveys, archaeological surveys, surveys of immovable cultural property, hygiene surveys directly related to the project activities;
  VAT – an eligible cost if, in accordance with the laws of the Republic of Lithuania or other laws applicable to the borrower’s activities, the Borrower is not entitled to deduct VAT.

VIPA shall make available additional financing for projects co-financed by the WMF or the WMF and facility 05.3.2-VIPA-T-024. It will provide loans to cover expenditure in excess of the maximum eligible costs set out in the WMF Description and the PFSA for facility 05.3.2-VIPA-T-024.