Release date: 17 February 2004
Promoter – Financial Intermediary
Lithuanian Railways Company.Location
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)
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
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).