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Lithuanian Railways will invest 7 billion by 2030 euro | Business



The Board of Directors approved a long-term investment plan for the development, modernization and capacity development of railways.

"This is a fundamental change in the management of the whole group of companies. Investments, their management and prioritization have not been implemented consistently in the group so far. We are ready to substantially strengthen this infrastructure and increase its capacity, "says Mantas Bartuška, Managing Director of Lietuvos gelezinkeliai.

Tadas Valančius BNS spokesman said that the plan is part of the company's first long-term strategy. 19659003] According to M. Bartuškos, the changes will open new opportunities for the partners of the company, will strengthen the main connections with Klaipėda port and international markets. Among other things, it is planned to reduce train noise, increase their speed, renew the rolling stock and reduce the impact on the environment – use of more environmentally friendly and resource-efficient energy.

Lithuanian Railways intends to attract a significant part of its investments from external sources, mainly from European Union funds. The remaining part will be financed by the company.

Lithuanian Railways transported a tenth more cargo in January-February – a total of 8.6 mln. tons, while revenue grew by 0.4%. up to 69.6 million (19659007)! function (f, b, e, v, n, t, s) {if (f.fbq) return; n = f.fbq = function () {n.callMethod?
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