The contract was signed by Mantas Bartuska, CEO of Lietuvos Gelezinkeliai, his deputy Karolis Sankovski and Juan Gardeazabalis Eguia, board chairman of Elecnor.
Bartuska stated that the project would create economic value of around 500 million euros and will also help to reduce pollution.
"It is important not only for economic reasons but for ecological as well. We are reducing CO2 emissions, which is a great benefit, which exceeds 700 million euros," Bartuska said during the signing.
The contract was signed after the other tender participant – Spain's Cobra Instalaciones Y Servicios – did not appeal by the deadline of Thursday's midnight. Transport Minister Jaroslav Narkevic allowed signing it on Thursday.
Lietuvos Gelezinkeliai plans to complete the project, which received 200 million euros in funding from the European Commission, by the end of 2023.
Delfi offers its business customers new digital communication services
Banners, specialized content products, and other traditional methods of advertising on websites have...
Lithuania and Sweden are to coordinate actions in implementing Green Deal and transport innovations
During the remote conversation Minister of Transport and Communications of Lithuania Marius Skuodis...
Lobbyist seeks EUR 228,000 from state over law-enforcement actions (1)
Andrius Romanovskis, president of the Lithuanian Business Confederation (LBC), has filed a lawsuit...
Klaipėda FEZ joins the civic air quality monitoring initiative
Klaipėda Free Economic Zone (FEZ) has installed the air monitoring hardware and software, integrated...
Lithuanian Airports review: the year 2020 of the biggest challenges for aviation
In 2020, 1.8 million people travelled through all three Lithuanian Airports, which is 72% less...
Top news
Heavy snowfall leaves 25,000 households in Lithuania without power
Up to 25,000 households in Lithuania, mostly in its southern part, were without electricity on Tuesday...
Lithuania may face EU sanctions over cap on forest land acquisitions
The European Commission may launch an infringement procedure against Lithuania if the parliament does...
686 new COVID-19 cases
On Monday, 686 new coronavirus cases were recorded in Lithuania. In total, the country has already...
Stuck in Kent: how Brexit red tape choked cross-border trade
Branimir Vuckovic shuttles goods back and forth between Britain and the European Union, his Beep Beep...
Delfi offers its business customers new digital communication services
Banners, specialized content products, and other traditional methods of advertising on websites have...