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International Internet Magazine. Baltic States news & analytics Tuesday, 23.04.2024, 21:35

Bega stevedoring company plans to invest EUR 25 mln over 3 yrs

BC, Vilnius, 01.07.2016.Print version
Lithuania's stevedoring company Bega is planning to invest, over the next three years, 25 million euros in a development program that is expected to increase its annual cargo handling potential by more than one-third to over 10 million tons, the business daily Verslo Zinios reported on Friday, cites LETA/BNS.

Bega CEO Aloyzas Kuzmarskis says that the bulk of the planned investments are related to the upgrading of the Klaipeda port's quays number 67 and 68, which are used by the company, a project that was at the center of a court dispute between BMGS and Latvijas Tilti.


A part of Bega's 7-million-euro investments planned for this year will go to acquire technological stevedoring equipment and build a new rail unloading station.


Latvijas Tilti offered to upgrade Bega's quays for 13.237 million euros, but a consortium of BMGS and Hidrostatyba contested the port authority's decision to name it the winning bidder, claiming that its bid was abnormally low. 


Latvijas Tilti won the dispute, but pulled out of the bidding process. Thus, the consortium was named the winning bidder and is upgrading the quays under a contract worth 14.952 million euros, including VAT.





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