NATO’s increasing presence in the Baltic countries and its high volumes of military cargo transported by rail could trigger between EUR 0.5 and EUR 1 million long term investments in developing Latvia’s railway infrastructure and rolling stock fleet, stated the President of Latvian Railways (LDz), Ugis Magonis during a strategic meeting with Latvian
Tag "Latvian Railways (LDz)"
Latvijas dzelzceļam (Latvian Railways, LDz) has reported good financial results for 2014. The company registered a EUR 224.9 million turnover (EUR 218 million in 2013) and EUR 10.7 million profit (EUR 79.8 million in 2013 – mainly derived from the revaluation and transfer of the freight car rolling stock to the subsidiary LDz Cargo
EU Commissioner for Transport, Violeta Bulc and Anrijs Matīss, Latvian Minister of Transport visited Rīga Šķirotava Marshaling yard, the main marshalling yard of Latvian Railways, in order to check the progress on the project “Reconstruction of marshalling hump in Šķirotava station”. The project includes the reconstruction of the tracks (3.2 km) and
Latvian Railways (VAS „Latvijas dzelzceļš”, LDz) has opened for operations the second track from Skrīveri to Krustpils (Rīga – Krustpils railway section), part of East-West transport corridor. The total value of the second track construction project, including civil engineering works, was EUR 113.37 million. It represents one of the major infrastructure projects implemented by LDz. The construction
Rīgas Vagonbūves Uzņēmums “Baltija” (RVU Baltia) in collaboration with Latvian Railways (LDZ) subsidiary LDZ RollingStock Service (RSS) presented the first post-independence Latvian designed and manufactured railway freight wagon. “Our company’s production capacity allows a production of more than 1,000 cars/ year. In addition, the specificity of our production permits us, if necessary, to immediately react to any demand changes and to reorient
Rolls-Royce has won an order to supply 28 MTU engines to Latvian State Railways (LDz). Twin 16V Series 4000 R43 units, each with a power output of 2,200 kW, are to power 14 type 2M62U freight locomotives that are being upgraded by the CZ LOKO Company in the Czech Republic.
Latvia’s Transport Minister Anrijs Matiss stated that the preparations for Rail Baltica JV had been finalized and the agreement would be signed in Riga on October 28. According to Latvia’s minister, the joint venture is likely to apply to the European Commission for project co-funding late this year or early in 2015.
Nordic Investment Bank (NIB) and Latvia’s state railway company VAS Latvijas Dzelzceļš have signed a new loan, totaling EUR 17.3 million, for the upgrade of a section of railway in the country’s east–west transport corridor. The loan’s tenor is 10 years. This is the third loan that Latvijas Dzelzceļš has received from
Latvian Railways (LDz) has planned for this year an investment of EUR 220.15 million in railway infrastructure projects. Along with infrastructure development projects like Construction of the second track in section Skrīveri – Krustpils, Reconstruction of marshalling hump in Šķirotava station, Construction of Bolderāja 2 station with connecting track to terminals in Krievu, Latvian Railways will launch this
Latvian Railways (LDz) transported 55.8 million tons in 2013, which is a decrease of 7.9% compared to 2012 historic freight record of 60.6 million tonnes. LDz earned EUR 80 million in 2013, however approximately EUR 67.7 million came from the freight wagon fleet revaluation and the transfer of the subsidiary SIA „LDz Cargo
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Business Intelligence
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