The state railway company expects to sign the contract with the winning bidder shortly, after obtaining the go-ahead from a commission vetting deals by strategic enterprises and from the Cabinet.
"A key objective of the project is to ensure throughput and higher speeds in the section of the IXB strategic corridor linking the capital of Vilnius to the seaport of Klaipeda, Lithuania's main freight and logistics center," Karolis Sankovski, the head of the Railway Infrastructure Directorate at LG, said in a press release on Thursday.
Among other things, the project calls for upgrading 13.9 kilometers of the existing track and building 13.9 kilometers of a new track on the line by late 2022.
After the project is completed, maximum speeds on the stretch will be increased from 120 to 160 kilometers per hour for passenger trains and from 90 to 120 km/h for freight trains.
In October, LG signed a 61.8-million-euro contract on the construction of a second track on the Livintai-Gaiziunai section. The project will be carried out by French-owned Eurovia CS, Eurovia Lietuva, and LG's subsidiary Gelezinkeliu Tiesimo Centras (Railway Construction Center).
Minister: lower VAT rate on food wouldn’t benefit people
The Lithuanian government has no plans to cut the VAT rate on food as it would not benefit people,...
President: Baltics and Poland could be alternative route for Ukrainian grain
The Baltic countries and Poland could offer an alternative route for Ukrainian grain exports amid...
Trade representative office in Taipei to start working in several months
The head Lithuanian trade representative office in Taiwan's capital, Taipei, will start working in...
President sees Azerbaijan as important EU partner in weaning off Russian energy
Azerbaijan should become an important partner of the European Union in its efforts to wean itself off...
Lithuania raises non-taxable income threshold to EUR 540
The Lithuanian parliament on Tuesday voted to raise the non-taxable income threshold by 80 euros to...
Top news
Minister: lower VAT rate on food wouldn’t benefit people
The Lithuanian government has no plans to cut the VAT rate on food as it would not benefit people,...
Landsbergis: no clear promises yet on boosting Baltic defenses
Lithuania does not yet have any clear promises on beefing up the Baltic countries' defenses amid the...
Interior Ministry to propose lifting movement restrictions for migrants
Lithuania's Interior Ministry will propose lifting the existing movement restrictions for irregular...
Foreign minister: Putin attempts to destroy Ukrainian people
Russian President Vladimir Putin is attempting to destroy the Ukrainian people, which can be called...
President calls statements about giving part of Ukraine to Russia unacceptable
Lithuanian President Gitanas Nauseda on Thursday called completely unacceptable the considerations of...