Lithuanian Railways will invest 240 million euros in infrastructure in 2022
LTG Infra, which manages the railway infrastructure of the state-owned Lietuvos geležinkeliai (Lithuanian Railways), plans to invest 240 million euros in development in 2022, which is 10% more than this year.
“Against the background of the geopolitical situation, we have reviewed the investment portfolio, some projects have been temporarily suspended, but investments will increase next year due to the Rail Baltica project and electrification of the railway network,” said LTG Infra CEO Karosli Sankovskis.
The report also says that by 2030 it is planned to invest more than 4.9 billion euros, 3.4 of which will fall on the European railway project Rail Baltica. About 694 million euros will be allocated for the modernization of crossings, 558 million euros – for electrification, lighting and renovation, 134 million euros – for the introduction of digital technologies and automation, 93 million euros – for business development. Another € 63 million will be spent on renovating stations, pavilions, pedestrian bridges and adapting them for people with disabilities.
It should be noted that in December 2019, the state enterprise Lietuvos geležinkeliai completed the reorganization by allocating a structure for railway infrastructure management – LTG Infra.
Railway news you may have missed:Facebook, Twitter, LinkedIn, read Railway Supply magazine online.
Place your ads on webportal and in Railway Supply magazine. Detailed information is in Railway Supply media kit