The state-owned Lietuvos Geležinkelių Group (LTG) passenger transport company "LTG Link200 million was signed with the Northern Investment Bank (NIB) and the European Investment Bank (EIB) on Friday. EUR loan contracts for the purchase of trains, BNS was approved by the Ministry of Transport.
"NIB and EIB will provide loans of 100 million each. euros and will finance 9 electric and 6 battery trains, which will replace about a third of the passenger train fleet," LTG reported to BNS.
LTG Link announced in June 2023 from a subsidiary of the Swiss train manufacturing concern Stadler Rail in Poland Stadler Polska for 226,5 million which will purchase 15 new electric and battery-powered trains and signed their purchase and sale agreement.
LTG then said that the first trains should reach Lithuania in 2025, passengers will be able to travel on them already in the middle of 2026, and all 15 trains should be running in 2027.
Stadler Polska has also committed to providing technical support, train maintenance and spare parts supply until 2037. In addition, the contract provides that LTG Link will be able to purchase more trains if needed.
