Latvijas Dzelzceļš revises its investment projects amid sharp drop in rail freight

  • 2020-03-25
  • TBT Staff
As the drop in rail freight volumes, which started already in the first half of 2019, continues, and taking into consideration the inability of SJSC Latvijas Dzelzceļš (LDz) to balance its finances in 2020 without additional funding from the government budget, LDz has revised its possibilities to implement its planned and ongoing projects co-financed by the European Union’s (EU) structural funds. As part of the Measure “Electrification of the Latvian Railway Network” of specific support goal 6.2.1 “To provide a competitive and enviro...
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