NIB-funded investments to help boost railway transit in Lithuania
(Thomson Reuters ONE) -
The Nordic Investment Bank (NIB) and Lithuania's state-owned railway company AB
Lietuvos gelezinkeliai (LG) have agreed on a loan totalling EUR 34 million for
the modernisation of the country's railway infrastructure.
The investment programme financed from EU structural funds and the NIB loan
includes the renewal of parts of Trans-European rail corridors passing through
Lithuania and linking Belarus and Ukraine to the port of Klaipeda on the Baltic
Sea. In particular, the funds will be allocated for a number of stretches and
bypasses in and close to the country's three main rail hubs-Vilnius, Kaunas and
Klaipeda-as well as the modernisation of safety equipment and other subprojects.
"Cargo transit is one of the key sectors in Lithuania's economy. The improved
cargo capacity, higher speed and volumes of transit will contribute to
strengthening the competitiveness of the country and help move more cargo from
roads to rails," says Henrik Normann, NIB President and CEO.
AB Lietuvos gelezinkeliai (Lithuanian Railways) is a state-owned railway company
that operates passenger transportation and cargo freight. The main commodities
transported on rail through Lithuania are oil and its products as well as
mineral fertilisers.
The Nordic Investment Bank (NIB) is the common international financial
institution of the eight Nordic and Baltic countries. NIB provides long-term
financing to the energy, environmental, transport, logistics and communications,
and innovation sectors for projects that strengthen competitiveness and enhance
the environment. NIB has the highest possible credit rating, AAA/Aaa, with the
leading rating agencies Standard & Poor's and Moody's.
For further information, please contact
Vilius Girkontas, Senior Manager Origination, at +358 10 618 0240,
vilius.girkontas(at)nib.int
Dimitrijs Alehins, Senior Communications Specialist, at +358 10 618 0296,
dimitrijs.alehins(at)nib.int
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: NIB NORDIC INVESTMENT BANK via Thomson Reuters ONE
[HUG#1619046]
Unternehmensinformation / Kurzprofil:
Datum: 12.06.2012 - 14:53 Uhr
Sprache: Deutsch
News-ID 155646
Anzahl Zeichen: 2682
contact information:
Town:
Helsinki
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 153 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"NIB-funded investments to help boost railway transit in Lithuania"
steht unter der journalistisch-redaktionellen Verantwortung von
NIB NORDIC INVESTMENT BANK (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
