International Internet Magazine. Baltic States news & analytics
Saturday, 25.05.2013, 01:59
Fuel transit company Vopak E.O.S.'s subsidiary, Estonia's biggest privately-owned railway cargo transport company E.R.S. upgrades its engine fleet and will buy up to 15 General Electric engines from the Kazakh National Railways, LETA/Postimees Online reports.
Keyword tags: Baltic States – CIS, Energy, Estonia, Railways, Transport
The Nordic Investment Bank (NIB) and Latvia's state railway company VAS Latvijas dzelzcels have signed a new loan totalling EUR 17 million for the upgrade of a railway section in the country's east-west transport corridor, informs Nordic Investment Bank.
As of May 26 Lithuanian Railway company Lietuvos Gelezinkeliai will begin the operation of a new train which will run the route Vilnius-Minsk-Vilnius twice a day, reports LETA/ELTA.
Lithuania-based railway company Lithuanian Railways (Lietuvos gelezinkeliai) opened a new representative office in Minsk (Belarus) in May, 2013, reported LETA the company.
LDz Cargo, a subsidiary of the joint-stock railroad company Latvijas dzelzcels, achieved LVL 278.23 million in turnover in 2012, a 7% increase on 2011, when the company turned over LVL 259.38 million, according to Firmas.lv information, reports LETA/Nozare.lv.
Simmermann: Rail Baltica project could be economically viable thanks to cargo shipments from Finland
In an interview to the business information portal Nozare.lv, the former head of Estonian Rail (Eesti Raudtee), now Latvijas dzelzcels chief engineer Kaido Simmermann said that the high-speed railway Rail Baltica project could be economically viable thanks to cargo shipments from Finland, taking into account that cargo tariffs for shipments by sea have increased, writes LETA.
The Czech Republic is interested in the high-speed railway Rail Baltica project and would like to cooperate in the project, Czech Prime Minister Petr Necas told members of the press in Riga today after a meeting with Prime Minister Valdis Dombrovskis (Unity), informs LETA.