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"I have signed the agreement, the same (agreement) that needed to be signed. A lot of noise about nothing. The management board members gave the necessary approvals, and I have already signed it," Stasys Dailydka told on Saturday.

The CEO said that the signing of the agreement on Friday evening, which was not announced to the public, was not related to a statement that the European Commission might suspend funding for the entire Rail Baltica project.

RB Rail, the Baltic joint venture coordinating the European standard-gauge railway project, said that it had been informed by the EU's Directorate General on Transport and Mobility that it might launch procedures in the near future to suspend funding for Lithuania.

According to DG MOVE, the Innovations and Network Executive Agency (INEA) has to immediately review and make decisions on 106 mln euros in already allocated funding and to decide on whether to suspend negotiations on an another grant of almost 191 mln euros.

LG was the only party that had not signed the contracting scheme agreement. Dailydka warned on Friday that the deal was disadvantageous to the railway company in that it would make it responsible for RB Rail's mistakes.