Home / Central Europe & Baltic States Rail Data & News / Transport of NATO’s cargo to trigger up to EUR 1 million worth investments in Latvian railways

Transport of NATO’s cargo to trigger up to EUR 1 million worth investments in Latvian railways

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 Defense Minister Raimonds Vejonis and Transport Minister Anrijs Matiss.

In order to identify the level of funding required, a working group formed of representatives of the Transport Ministry, Defense Ministry, Latvian Railways and National Armed Forces was established, informed Vejonis after the meeting. The funds could be allocated from the state budget or attracted from NATO and other potential sources. Latvian Railways could provide part of the financing, added Magonis.

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