Lithuanian Railways greenlighted for €363m deal with Spain’s Elecnor

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State-run Lithuanian Railways (LG) were given a green light on Thursday to sign the 363-million-euro electrification deal with Spain’s Elecnor.

The minister said the tender took place ineffectively, but initiating a new one, would mean Lithuania loosing 200 million euros in EU funding.

The deal between LG and Elecnor needs the approval of Narkevič as the state’s representative and shareholder of LG.

Tomas Beržinskas, spokesman for the Lithuanian prime minister, told BNS the commission approved the deal on condition that its recommendations are taken into account, without specifying them.

Last month, Inabelec, a consortium of Spain’s infrastructure construction group Elecnor and Abengoa’s engineering subsidiary Instalaciones Inabensa, won the 366-million-euro contract.

LRT.LT

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