2012-06-22 11:38

Klaipėda FEZ looks to expand by third this year

Klaipėda Free Economic Zone (FEZ) expects to expand at least by one-third this year, with 13 new sites being preliminary prepared for investors, the business daily Verslo Žinios reports.
Klaipedos laisvoji ekonominė zona
Klaipėda Free Economic Zone / LEZ nuotr.

Shareholders of Klaipėda FEZ Management Company have set the goal of signing agreements at least with five investors this year, the paper writes.

The FEZ is in talks with several potential investors, including a logistics company, it quots Raimondas Bakas, deputy CEO of the management company, as saying.

The official would not disclose what country the logistics company is from and how much money it could invest, saying that this will become clear after the formation of a 6-hectare plot for the potential investor is completed.

"This is only a matter of time. We want to begin designing a new railway line in July. Based on preliminary estimates, the line will cost the FEZ up to 3 million litas (EUR 870,000)," he said.

The FEZ is planning to add 112 hectares to its current total area of 300 hectares in the fall at the latest.

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