In 2014, Lithuanian Railways invested EUR 400 million, company’s general director Stasys Dailydka said, reports The Baltic Course.
At the end of February, Lithuanian Railways will launch a new ticketing system which allow passengers to buy train tickets online.
Last year, the company had 4.6 million passengers. The company’s income in 2014 stood at EUR 473 million. Belarus and Russia are the main freight markets for Lithuanian Railways.
Freight from Belarus accounts for over 30% of total volume. “We are trying to make new contacts because freight service is our biggest asset, the main source of our income,” said Dailydka. In 2015, Lithuanian Railways will open a representative office in Kazakhstan. In 2016, the company is planning to invest EUR 249 million, in 2017 – EUR 331 million.
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