EU – Baltic States, Latvia, Legislation, Railways, Transport

The trains will be leased for a period of 15 years. The aim of the tender is to ensure new and modern trains for Latvian residents, in order to guarantee safe and economical transportation for passengers.

PV board chairman Artis Birkmanis explains that the tender for the leasing of the new electric trains is one of the largest and most important in the company's history, and is an important step in the company's development. He said that in two years time, the company will ensure Latvian residents with train traffic that will become the ''most modern, fastest and affordable mode of transport for Latvian residents''.

As reported, three bids were submitted for the PV tender for leasing new electric trains for a period of fifteen years. The bids have been submitted by the Polish company Pesa, Germany's Stadler and South Korea's Hyundai, although the Polish manufacturer has not provided the required financial security. The bids offer to supply the new trains within eighteen up to 28 months.