9 Jun 2009

NIB to finance rail infrastructure in Lithuania

NIB has provided a EUR 15 million loan to the Lithuanian state rail infrastructure operator AB Lietuvos gelezinkeliai (Lithuanian Railways).

The loan is earmarked to co-finance the company’s investment programme for 2009–2011. The programme is aimed at improving rail traffic safety and bringing the rail transport infrastructure into line with EU standards.

In particular, NIB’s financing will be used for the modernisation of the Lithuanian segments of the trans-European rail corridors, including the upgrade of the controlling, signalling, telecommunications, diagnostics and power supply systems.

AB Lietuvos gelezinkeliai maintains all of Lithuania’s 1,766 kilometres of railways and 109 railway stations.