Polish regulator approved the creation of a Polish-Lithuanian railway operator for multimodal transport

(UOKiK) The Polish National Service for the Promotion of Competition and Consumer Protection has made a positive decision to establish a joint venture comprising Polish freight operator PKP Cargo and Lithuanian LTG Cargo Polska.

Polish regulator approved the creation of a Polish-Lithuanian railway operator for multimodal transport

The agreement on the creation of a joint operator of multimodal transport was concluded on September 17, 2020 at a summit meeting in Vilnius. Each operator has a 50% stake in the joint venture. The share capital of the joint venture is PLN 1 300 000 (USD 340 thousand) informs Railway Supply magazine with reference to Zdmira.

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PKP Cargo noted that along with containers, the joint venture will be ready to transport car semi-trailers. Approximately 2 700 000 trucks cross the Polish-Lithuanian border every year, therefore, switching the traffic to the railroad will help to improve traffic safety and reduce the harmful impact on the environment.

The plans of the new railway operator are to satisfy the demand for multimodal transportation with the participation of railway transport from Lithuania to Poland, as well as from both countries – to Germany and Italy. The joint venture will also organize transportation by block trains, including dangerous goods.

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