Lithuania Freight Transport Report 2016 - Business Monitor International - Industry Reports

Lithuania Freight Transport Report 2016

Lithuania Freight Transport Report 2016 - Business Monitor International - Industry Reports
Lithuania Freight Transport Report 2016
Published Nov 14, 2015
56 pages — Published Nov 14, 2015
Price US$ 1,295.00  |  Buy this Report Now

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BMI View: The slowdown in Lithuania s economic growth is forecast to come to an end with accelerated economic growth in ---- and ---- especially. The Ukrainian crisis and consequently softer external demand has been hurting the Lithuanian economy, impacting all freight transport sectors. ...The downside risk to our forecast is the uncertain situation in the region as Lithuania s freight industry will be vulnerable to further tensions, should exports drop as a result. Due to Lithuania, as well as the other Baltic states, playing a key role in Russian supply chains, the sanctions placed on Russia by the West (which are beginning to bite) will lead to a decrease in trade volumes which, in turn, will have a knock-on impact on volumes transiting through Lithuania. Road freight will continue to dominate the freight mix in Lithuania for our forecast period, although growth will be at a slower pace than rail which is improving in infrastructure due to investment and improvement of the rail connections to the rest of Europe. ...The trade embargo has also impacted the transport industry as a whole, which relies heavily on revenues from the storage and transportation of Western goods destined for the Russian market.

...Communications is planning a --.-km highway to improve transport links between Vilnius and Utena in Lithuania. The public-private partnership project involves resurfacing the existing highway to provide an improved highway for drivers. ...Resurfacing work will begin in ---- and is expected to be completed in ----. Transport Ministers Sign Baltic Rail Agreement: Latvia, Lithuania and Estonia s transport ministers met up to sign an agreement to establish a joint venture for the EUR-.-bn (USD-.--bn) Resurfacing work will begin in ---- and is expected to be completed in ----. ...RB Rail will be responsible for the design, construction and marketing of the ---km railway line, which will enable trains to run at a maximum speed of ---km/h. The three states will each have a --.-- share in the project and will individually provide EUR---,--- (USD---,---) in start-up capital.

...If the relationship with Russia deteriorates, diverting freight transit traffic flows to other routes could undermine Lithuania s role as a channel for East-West trade. A prolonged period of sanctions by the EU against Russia will negatively impact all freight modes in Lithuania, especially road and rail. ...

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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Business Monitor International - Industry Reports. "Lithuania Freight Transport Report 2016" Nov 14, 2015. Alacra Store. Oct 23, 2016. <>
Business Monitor International - Industry Reports. (2015). Lithuania Freight Transport Report 2016 Nov 14, 2015. New York, NY: Alacra Store. Retrieved Oct 23, 2016 from <>
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