RIGA - The Nordic Investment Bank (NIB) and Latvia’s state-owned rail company Latvijas dzelzcels (Latvian Railways, LDz) have signed a new loan totaling 17 million euros for the upgrade of a railway section in the country’s east-west transport corridor, the bank informed the business information portal Nozare.lv. The loan’s term is 10 years.The company will build a second track on the 52-kilometer Skriveri-Krustpils section of the east-west railway corridor that links Russia and Belarus with Latvia’s ports on the Baltic Sea. Transit of freight from and to Russi...
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