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.

BNS
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Israeli cloud services integrator chooses Vilnius for European base

TeraSky, a leading Israeli cloud solutions integrator, has just announced the opening of its European...

The popular French fashion brand „Gémo“ enters the Baltic States: first store in Lithuania – in 2019

The popular French fashion brand „Gémo“ entered the Baltic States - the first regional store was...

International investors discover Šiauliai

In recent years, Lithuania has seen a large influx of foreign investors. Whereas Vilnius and Kaunas...

Hungary may consider buying gas from Lithuania - president

Hungarian President Janos Ader said on Tuesday that his country might consider buying liquefied gas...

New global sales trends have not bypassed Lithuania: “Pigu.lt” has announced two-week sale festival

Traditionally, November is a very busy month for global trade sector as everybody looks forward to new...