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Investors express interest in terminal construction

  • 2004-03-25
  • Baltic News Service
VILNIUS - Potential investors intend to put in around 500 million litas (150 million euros) to further the construction of a new rail freight terminal close to the town of Marijampole, located in southern Lithuania, the daily newspaper Lietuvos Zinios reported on March 16.

The plan is to build the freight-handling terminal on a 250-hectare site between the old railway track and the projected new European gauge railway line.
Augustinas Majauskas, a member of the group set up in Marijampole to promote the European project, known as Rail Baltica, said a French firm that is engaged in freight transportation across Europe has shown a keen interest in the freight terminal project and is ready to invest around $100 million.
The French firm would like to have five rail branch-lines covering an area of almost 100 hectares.
Some Italian businessmen who own enterprises in the surrounding areas would like to have branch-lines and warehouses at the planned freight terminal as well.