en.Wedoany.com Reported - LTG Infra has decided to terminate the contract with the general contractor Rizzani de Eccher for the construction of the Neris River railway bridge as part of the Rail Baltica project, citing project delays, the company's poor financial condition, and failure to fulfill contractual obligations.
Lithuanian Minister of Transport and Communications Juras Taminskas stated that resuming construction of the Neris Bridge is a top priority, emphasizing the strategic importance of the Rail Baltica project for regional connectivity and security, and ensuring that the main line must be completed by the end of 2030. Construction of the Neris Bridge began in July 2022, with a contract value of €64 million. The new bridge, 1.5 kilometers long, rises 40 meters above the Neris River and its valley, is nearly 14 meters wide, and will accommodate double-track railway lines with standard European gauge.
The Ministry of Transport noted that the Neris Bridge is only one component of the Rail Baltica project. Currently, work continues on the 114-kilometer section between Kaunas and Panevėžys, where the first European gauge tracks have already been laid. Since 2023, LTG Infra has been monitoring the contractor's financial situation, but until recently, internal restructuring did not significantly impact project progress. However, recent major contract breaches have been identified, including delays and non-payment to subcontractors. The company stated that it has reviewed the contractor's proposed corrective measures but sees no basis for continued cooperation. Against this backdrop, LTG Infra believes that restarting the procurement process and appointing a new contractor is the best solution to complete the work.
Arūnas Rumskas, interim CEO of LTG Group, stated that there is indeed a risk the bridge may not be completed on time, and that serious contract violations or failure to meet financial obligations cannot be tolerated. LTG Infra confirmed that all payments for completed work have been made, and subcontractors who have not received payment must seek recovery through legal channels.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
