Latvian Railways to split

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Latvian Railways to split

Aug 27, 2008
By Talis Saule Archdeacon

ONE BECOMES TWO: The state railway is to split, at least half will go into private ownership.

RIGA - The Latvian government has endorsed a 13 million-lat (18.5 million euro) plan to split the state-owned Latvijas Dzelzcels (Latvian Railways) into two separate companies as part of an effort to maintain control over the country’s transport services. The plan envisages transforming Pasazieru Vilciens (Passenger Train), currently fully controlled by Latvijas Dzelzcels, into an independent company. Once independent, however, Pasazieru Vilciens would still be fully owned by the Transport Min ...

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