The Lithuanian railway company plans to invest 7 billion euros in the development

The Lithuanian state railway company "Lietuvos geležinkeliai" plans to invest seven billion euros by 2030, to reach the business figure of 725 million euros. and become the mobility leader of the region.

The company on Wednesday presented its long-term operating strategy, with a profit before interest, taxes and depreciation (EBITDA) of 300 million euros in 2030.

The year last, the turnover of Lietuvos geležinkeliai reached 448.1 million euros and EBITDA of 155 million euros

By 2030, the company intends to increase the flow freight rate of 30% to 70 million tonnes and double the volume of pbadenger traffic to eight million.

"We are operating in an international competitive environment," says Mants Bartuška, general manager of the company, at a press conference. "Conscious of our location, we may not be able to to transport the most tonnes, but we want to be a logistics reference, so that those who wish to choose a service in this region enter directly into "Lietuvos geležinkeliai". "We must offer the best services.We want to be leaders in mobility Central and Eastern Europe, "he said.