State-owned Lietuvos Geležinkeliai (Lithuanian Railways, or LG) expects to transport China Merchants Group's freight from a 280-million-euro industrial park under construction in Belarus' capital of Minsk.
Lithuanian railway
© Lietuvos geležinkeliai

LG and CMG officials discussed possibilities for freight transportation via Lithuania during their meeting this week.

However, Egidijus Lazauskas, director of the state railway company's Freight Transportation Directorate, admits that there are no tangible agreements yet.

"Our idea is simple. As Chinese companies will operate in that park, their products will have to be shipped out. They want to finish the first stage in May and to open part of the territory. Once specific plants are launched, there will be a need for receiving goods by sea," he told BNS.

Lazauskas said that he had invited the heads of the industrial park to come to Lithuania and sign memorandums on cooperation between the Vilnius and Kaunas intermodal terminals and the Belarusian terminal.

CMG President Li Jianhongu said in March 2016 that Lithuania was an increasingly close partner.

New trends in startup world: unicorns' aspiration is not key anymore

The question when the first unicorn with over 1 billion of US dollars in value will appear in the...

Shopping frenzy: biggest retail chains plans allocate millions of euros for new stores

Lithuania's five biggest retail chains – Maxima , Lidl , Rimi, Iki and Norfa – have...

Construction launched on EUR 15 mln hotel in Kaunas

Construction is being launched on a 15-million-euro Moxy hotel, part of the Marriott Group , in...

Revolut moves operation launch date in Lithuania (1)

The United Kingdom's fintech startup Revolut has moved the operation launch date of its specialized...

“Shazam” co-founder before his visit in Lithuania: it will be new experience

You need to fail and learn many lessons before you finally reach your success. This can be proved by...