Latvian company L-Ekspresis has inaugurated its modernised maintenance and repair depot for long-distance passenger coaches and freight wagons. L-Ekspresis provides international passenger rail transportation on Riga – Moscow, Riga- St. Petersburg and Riga- Minsk routes, and also rolling stock modernisation services.
The complete renovation and expansion of the facility enlarged its capacity by 2,5 times, allowing maintenance and other services for 3000 freight wagons and passenger coaches per year.
Railway rolling stock repair services are expected to constitute one half of the total turnover of the company in the next few years. It is planned that repair services will be offered to customers in Estonia, Lithuania, Russia, Azerbaijan and other CIS countries, raising the proportion of exports from the current 20% to an estimated 40%.
The President of Latvia Raimonds Vējonis expressed satisfaction with the fact that such a significant investment is being made in Latvia: “A new production facility always means new technology, new products, new jobs and new added value, furthermore, this is one of the most advanced production facilities of this type in the Baltic States and Eastern Europe. The achievements of L-Ekspresis serves as a vivid example of successful integration of historical experience with new knowledge, innovative technologies, as well as investment opportunities offered by EU funds.”
The large-scale upgrading has been performed within the framework of the project SIA L-Ekspresis Wagon Workshop Modernisation and Development, signed between the Investment and Development Agency of Latvia and L-Expresis .
The total investment in the upgrading of the railway depot reached EUR 14 million over a period of three years. The project was co-financed by the European Regional Development Fund.