The president vetoed the law for the transformation of strategic state-owned companies



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The package of laws creates preconditions for the transformation of the state companies Lietuvos Airports, Oro Navigacija, the Inland Waterways Directorate and the Klaipėda State Port Authority into joint stock companies.

The president emphasizes the efforts to achieve a more efficient operation of these companies, their professional management and support the strengthening of the transport sector, which is important for the entire Lithuanian economy. However, the President cannot agree to the amendments to the Law on the framework of transport activities and related branch laws adopted by the Seimas, which provide for changes in the management and use of public transport infrastructure. of strategic importance and important to national security.

“The passed laws do not provide the necessary instruments for the state to guarantee control of the public transport infrastructure important for national security. I will strive to include provisions at the level of law that manage risks and ensure the strategic interests of the state in maritime transport, airspace, and road and water transport, ”said the President.

According to the president, the commercialization of these strategic state companies must guarantee that the objects of public transport infrastructure always remain in the hands of the state. When future corporations manage public transportation infrastructure as their own, potential recoveries from creditors may not go to this infrastructure or to state or municipal budgets.

According to the head of the country, restructured companies must be managed in a transparent and professional manner, in accordance with good governance practices, as well as ensuring the principles of collegiality of the company’s management bodies.

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