Lithuanian Railways II - Locomotives project

Promoter – Financial Intermediary

Lithuanian Railways Company.

Location

• Lithuania

Description

The project comprises the purchase of 34 locomotives for freight.

Objectives

Renewal and extension of the locomotive fleet to sustain the development of rail transit on East-West corridor and transport by rail in Lithuania.

Sector(s)

• Transport

Proposed EIB finance (Approximate amount)

Up to 50% of project cost.

Total cost (Approximate amount)

Estimated at approximately EUR 100 million.

Environmental aspects

The environmental impact is expected to be positive, as the modernisation of the locomotive fleet should reduce fuel consumption and limit airborne pollution.

Procurement

Tendering to comply with the Bank’s rules and Lithuanian Public Procurement Law.

Status

Signed - 16/06/2006