\r\nUnder the plans, which were approved by the government on February 12, a holding company structure will be adopted, with infrastructure, freight and passenger operations split into separate enterprises under the control of the parent company LG, which will remain 100% state-owned.\r\n\u201cThe proposed reorganisation of LG is not drastically liberal,\u201d says transport and communications minister Mr Rokas Masiulis. \u201cNot only does it maintain the financial and functional stability of the company, it strengthens a strategic Lithuanian business, allowing it to be more efficient, it makes it more transparent and easier to manage in terms of costs. For many decades, LG has become a state-within-a-state - the company lacked transparency, manipulated results, and hid behind its social functions to justify poor results and inactivity. We need to ensure this does not happen again.\u201d\r\nLG CEO Mr Mantas Bartu\u0161ka says best practice from other European countries has provided a foundation for reform. \u201cThese decisive changes are necessary not only to meet the requirements of the EU but also to ensure transparency and efficiency,\u201d he says. \u201cThis will undoubtedly make it possible to strengthen our entire group of companies."