Financial Services, Investments, Latvia, Railways, Transport

The company's vice-president Aivars Straksas said in a press conference yesterday that LDz invested a total of EUR 168.5 million, 47.2% of which is the European Union's (EU) funding, 45.4% – the company's own funding, and 7.4% – state funding.

Had the implemented infrastructure projects not been funded by the EU, the infrastructure operating fees would have increased by about 15%. At the moment, LDz's fees have remained stable for three years.

The most important capital investment projects in 2014 were construction of the Riga-Krustpils railroad, which cost EUR 107.4 million, and restoration of railroad in the transit corridor "East – West" – EUR 17.6 million, among others. Meanwhile, the current projects include restoration of railroad in the Rail Baltica corridor, and construction of interconnection between Bolderaja Station and Krievu Island terminals, among others.

As reported, in 2014 LDz earned approximately ten million euros, Transport Minister Anrijs Matiss (Unity) said in an interview with the LTV show "Rita panorama".

The company's turnover during the first months this year has decreased by about 5%, the minister said. The reason is both the geopolitical situation and "economic factors" – currency fluctuations and others.

In 2013, LDz earned about EUR 80 million and turned over EUR 219 million.

The company was founded in 1994. It is one of the largest companies in the country, having more than 13,000 employees.