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Ceturtdiena 14.12.2017 | Name days: Gaisma, Auseklis
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EUR 346.6 million to be allocated in Latvia for TEN-T railway network improvements

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUAt the State Secretary meeting on Thursday, 10 November, officials presented Transport Ministry’s prepared project of rules for the use of funding from the Cohesion Fund to be used in the railway electrification project.

The goal of the Latvian railway network’s electrification project is to improve the TEN-T railway network, enhance its security, quality and capacity. The overall funding available for the project from the Cohesion Fund is EUR 346.6 million. It is expected that the national co-financing amount to be allocated by the project’s organizer will be at least EUR 61.2 million, as BNN was informed by Transport Ministry.

One of the supported actions of this project is the reconstruction and restoration of existing TEN-T railway infrastructure.

In parallel to the project’s development and coordination, work will be performed on the preparation of the railway electrification project and its submission for review to the government, the ministry reports.

Ref: 102.109.109.5092


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