Lithuania railway to raise tariffs by 8-10% from 2007

Lietuvos gelezinkeliai (Lithuania railway) plans to increase tariffs by 8-10% from 2007, RZD-Partner reports. The company’s costs are growing - fuel, wages, energy prices. According to Albertas Shimenas, deputy Director General of Lietuvos gelezinkeliai, general market situation makes the company raise the tariffs. Last increase was in autumn 2005 – 8%. The company forecasts net profit decrease caused by decrease in transportation volume. The fire at Mazeikiu Nafta resulted in decrease of oil products transportation. Besides, new Russian ferry resulted in outflow of certain type of cargo from railway lines and less oil products come from Byelorussia.