47 million euros investment in Poland will see LTG’s business booming
The Polish subsidiary of LTG Cargo brings some money forth and aims high with its westward expansion. In the coming 2-3 years, LTG Cargo Polska will invest 47 million euros in Poland to strengthen its position and become a competitive player in the market.
“The Polish market is highly competitive, with many operators. We will concentrate our efforts on purchasing and renting rolling stock – in this way, we will ensure the speed of development, increase the intensity of international trips and increase the efficiency of cargo transportation,” commented Eglė Šimė, CEO of LTG Cargo.
Budget for locomotives
Indeed, Šimė’s words provide a glance at the investment’s allocation. Among the primary goals will be the purchase of four multi-system and two diesel locomotives. “Multisystem locomotives will be diverted to electrified sections of routes in Poland, and diesel locomotives will be operated on the not yet electrified railway section near the Lithuanian border. Along with the locomotives, the company will purchase six new wagon trains to transport semi-trailers and containers,” explained LTG Cargo.
Nevertheless, fleet expansion is ranking high on the company’s agenda. Apart from the upcoming purchases, a few days ago, LTG Cargo Polska acquired four new Gama 111Ed locomotives with the Marathon operating system manufactured by the Polish company PESA Bydgoszcz.
Opening new corridors
The specific investment does not target the Polish rail freight market solely. Instead, it sees an expansion in Poland as a bridge towards the rest of Europe. Lithuania aims to establish rail freight routes connecting Western Europe with the Baltics. By strengthening its presence in Poland and diversifying its activities, LTG Cargo will pave the way for new partnerships and network additions.
“We are a road transport country with a large share of freight being transported between East and West. Therefore, to expand railway services in Lithuania, it is important to focus on the Polish market and thus open new opportunities for our customers. In the West, intermodal freight transportation is already highly developed, so we see great potential in this market. In the coming years, we plan to start transporting cargo to intermodal terminals in Poland, Italy and Germany,” concluded the head of LTG Cargo.
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