Šiauliai City Council on Thursday decided to cancel a controversial agreement on an investment project near a military airport where NATO air policing mission is based.
The company pledged to build a laboratory for trains running on "string tracks" on the land and invest at least 60 million litas (EUR 17.4m)
© Bendrovės archyvas

"After the Lithuanian president a week ago put forward legislative amendments providing that investment in strategic economic sectors and in places near strategic facilities may be permitted only after looking into whether activities of the potential investor pose no threat to national security, and after the prime minister received law-enforcement bodies' findings on Rail Skyway Systems Ltd, it has been decided to cancel the Šiauliai Industrial Park's investment agreement with Rail Skyway Systems Ltd," the City Council said in its resolution.

The resolution was adopted with 15 votes in favour, no votes against and six abstentions.

Under the agreement signed earlier this month, Rail Skyway Systems Ltd was to be granted a 99-year lease on a plot of land close to the airport. The company pledged to build a laboratory for trains running on "string tracks" on the land and invest at least 60 million litas (EUR 17.4m) by the end of 2018.

According to data of the Centre of Registers from March, Rail Skyway Systems is owned by Anatoly Yunicky, its CEO, and Nadezhda Kosareva. Both shareholders gave the same address in Moscow as their place of residence.

The investment project has raised a lot of suspicions in Lithuania.

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