RVR secures project finance

  • 2012-04-11
  • From wire reports
RIGA - Financing totaling 17 million euros will needed by railcar manufacturer Rigas Vagonbuves Rupnica (RVR) so that the company could participate in construction of new trains for Pasazieru Vilciens (Passenger Train), reports Nozare.lv.Business daily Dienas Bizness reports that RVR’s own investment is experted to be 13 million euros, and the Spanish company Construcciones y Auxiliar de Ferrocarriles (CAF) will invest another 4 million euros.RVR board chairman Valerijs Igaunis says that Pasazieru Vilciens signed a contract with CAF on April 2. Thirty specialists from RVR wil...
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