EU – Baltic States, Latvia, Railways, Transport
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Friday, 29.03.2024, 06:58
Latvian government to invest 650,000 euros in RB Rail share capital
Eiropas Dzelzcela Linijas is Latvian shareholder in RB Rail.
The Latvian
Transport Ministry said in its draft decision that the sum will be invested in
the share capital of RB Rail thus
gaining equal share as the Estonian and Lithuanian shareholders in the company.
The
ministry said that on January 1, the share capital of Eiropas Dzelzcela Linijas is 2,720,000 euros comprised of 1,720,000
ordinary shares with the face value of 1 euro each.
RB Rail is the central coordinator for the Rail Baltica project for the
construction of a new fast conventional, European standard gauge double track
electrified rail line from Tallinn to the Lithuanian-Polish border. RB Rail shareholders include the
Lithuanian, Latvian and Estonian railroad companies, UAB Rail Baltica Statyba, SIA
Eiropas Dzelzcela Linijas and Rail
Baltic Estonia OU.
Rail Baltica, estimated to cost around 5.8 bln euros in
total, is a project to build a direct railroad between the Baltic countries and
the European railroad network.