The Lithuanian Railways presented their strategy



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Wednesday, AB Lietuvos gelezinkeliai (LG) presented its strategy to the public in 2030

According to VŽ, the main objectives of the company are double, the third the number of pbadengers carried and the double in 2030 from 2017

"Our ambition is to become the leaders in logistics and mobility in Central and Eastern Europe by 2030," says Mantas Bartuška, CEO of LG. – This does not necessarily mean transporting the most tonnes. LG will seek to be the first choice for businesses and residents who need logistics and mobility solutions in the region.

The company will increase its volume of goods by 30% (from 53 million in 2017 to 70 million in 2030) (from 4 to 8 million in 2030). The projected business turnover of the company will increase by 448 million during the period under review. Eur up to 725 million Eur. The company's earnings before interest, taxes, depreciation and amortization (EBITDA) should almost double, from 155 million euros. Eur up to 300 million

Freight between Europe and China

Egidijus Lazauskas, Head of the Directorate of Freight Transport, says that in Lithuania until 2030, freight transport is expected to increase from 15 to 22 million. t Growth in the eastern transit area is expected to be between 32 and 36 million. t In China and Europe, the number of goods is expected to more than double from 4 million. t to 9 million t 2030

"We can achieve this by better understanding the customer by exploiting the narrow template for expanding volumes, uniting the European and Chinese markets." an electrified network, we will be able to travel more neatly, cheaply and efficiently.We want to transfer a lot of services to the electronic space ", – says p.

Pbadengers – Cars

Linas Baužys, Director of the Pbadenger Transportation Directorate, estimates that the number of pbadengers will increase by increasing the speed of railways and increasing the number of destinations.

"Our competitors are not buses but cars, we will put in place conditions for pbadengers to get on the train from the car," says M.

This company intends to by increasing the speed of the trains and by opening new directions of travel

At the end of last year, it was possible to get to Daugavpils .. here 2030

All the Investment strategy of the Lithuanian Railways can be found here.

The company's investment portfolio will rise to 7 billion USD .These investments will go to Rail Baltica , to projects of electrification and speeding up.

"The main priority is the priority of safety. We will continue to work to ensure a safe and reliable infrastructure, "says Lazauskas


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