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Latvia to spend up to EUR 259 million on new passenger trains
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    Latvia to spend up to EUR 259 million on new passenger trains

    RIGA, Nov 5 (LETA) - Latvian rail passenger carrier Pasazieru Vilciens will be able to spend up EUR 259 million worth of budget money on the purchase and maintenance of new electric trains, their parts and equipment, as well as construction of railway depots, Transport Minister Uldis Augulis (Greens/Farmers) told journalists after a government meeting on Monday.

    According to the decision taken by Latvia’s outgoing Cabinet of Ministers, Pasazieru Vilciens will be able to invest EUR 259 million in the purchase and maintenance of new passenger trains and equipment and construction of new railway depots from 2019 to 2024.

    The actual costs of the planned train purchases will become clear after Pasazieru Vilciems concludes its latest passenger train tender, which is expected to happen at the end of November. The financing earmarked in the government budget for the train purchases is not expected to impact the development of other sectors of the economy, as the allocation’s fiscal impact will be neutral.

    The Transport Ministry will be in charge of supervising and controlling the cash flow. Pasazieru Vilciens will be able to conclude the procurement process and implement its business plan to ensure the acquisition of the new trains.

    Pasazieru Vilciens in September 2015 started a new tender to purchase electric trains, and four bidders are being assessed in the second stage of the tender – Spanish company Talgo, Polish subsidiary of Swiss company Stadler, Spanish company Construcciones y Auxiliar de Ferrocarriles S.A. (CAF), and Czech company Skoda Vagonka.

    Pasazieru Vilciens was established in 2001 to separate domestic passenger services from other functions performed by the state-owned Latvijas Dzelzcels (Latvian Railway). Although initially Pasazieru Vilciens was a 100-percent owned subsidiary of the Latvian Railway, in October 2008 it was transformed into an independent state-owned company.

    • Published: 05.11.2018 17:45
    • LETA
    • © The given news may not be republished in any way or amount, or otherwise used by the mass media or Internet websites, without written permission of LETA. If this provision is not observed, the matter will be taken to court pursuant to the laws and regulations of the Republic of Latvia.
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