The state-run Lithuanian railway operator company Lietuvos Gelezinkeliai has paid the €28 million fine imposed by the European Commission to WSE-listed refinery giant Orlen for dismantling the railway connecting Orlen’s refinery in Mazeikiai and the Latvian city of Renge.
The company said that it intends to ask the EC to reduce the fine or waive it, which it can do till April.
Lithuanian railways also agreed to rebuild the track which will cost approximately €20 million.
The tracks were dismantled back in 2008, forcing Orlen to use longer and expensive route to Klaipeda. Orlen filed a complaint, which was resolved in October last year. The EC found Lithuanian railways violating the EU’s competition laws and forced them to pay the fine and rebuild the tracks.