LITHUANIAN Railways (LG) CEO Mr Stasys Dailydka has signed a memorandum of understanding with Transmashholding (TMH) president Mr Andrei Bokarev as a first step towards establishing a joint venture to assemble locomotives in Lithuania for the Baltic States and other European markets.
TMH says the joint venture will also collaborate on research and development initiatives.
LG has also announced plans to acquire 5000 new freight wagons between 2015 and 2030 to replace life-expired vehicles and expand the fleet from around 10,000 to 12,500 wagons.
