Posts tagged as railway

Latvian railway company will need state support until 2025

Monday, September 21, 2020

Latvijas Dzelzcels (LDz) railway company will need financial support from the state until 2025, said LDz board chairman Maris Kleinbergs. The government this year decided to invest EUR 32.422 million in LDz share capital and it was necessary for the company to complete the started investment projects, he said. “After analysis of the third quarter results, we will be able to tell whether and how much funding is needed this…

Mock disaster on railway: residents asked not to panic

Tuesday, July 21, 2020

On Thursday, July 23, the Latvian Railway (LDz) company will organize large-scale training activities at the Šķirotava train station, imitating an ecological disaster, said spokeswoman Ella Pētermane July 21. During the training, derailment of a cargo tank will be simulated, leading to dangerous substance leak and a fire. Operational services will have to localize and extinguish the fire, contain the leak, pump the tank content into an undamaged tank and…

Rail Baltica discussion available to watch online

Monday, July 6, 2020

Policymakers responsible for coordinating, funding, and realising the €5.8bn Rail Baltica project presented their latest plans and timelines for completion during a webinar titled ‘Rail Baltica as driver of economic development in the post-COVID recovery’ on 1 July 2020. The webinar was organised by the International Railway Summit, in association with Rail Baltica and  is available to watch online on demand  , though registration is required. “The Rail Baltica project is slated to begin…

The END of Rail Baltica

By Vairis Godmanis on Friday, May 15, 2020

Estonian Interior Minister Mart Helme said that Rail Baltica will not be built. The Conservative People’s Party of Estonia (EKRE) has always opposed the common railway from Scandinavia to Central Europe. Such a statement by the Estonian Minister puts a final point in the history of the largest infrastructure project in the Baltic countries. Apparently, because of the sabotage of the construction of Rail Baltica by Estonia, the European Union…

Lithuanian Railways greenlighted for €363m deal with Spain’s Elecnor

Friday, December 6, 2019

State-run Lithuanian Railways (LG) were given a green light on Thursday to sign the 363-million-euro electrification deal with Spain’s Elecnor. The minister said the tender took place ineffectively, but initiating a new one, would mean Lithuania loosing 200 million euros in EU funding. The deal between LG and Elecnor needs the approval of Narkevič as the state’s representative and shareholder of LG. Tomas Beržinskas, spokesman for the Lithuanian prime minister,…

Lithuanian Railways’ track-building arm expects to keep most orders

Tuesday, October 8, 2019

Gelezinkelio Tiesimo Centras (GTC), the railway track construction, repair and maintenance subsidiary of Lietuvos Gelezinkeliai (Lithuanian Railways), says competition will affect its performance results, but it still expects to win a large part of contracts, according to the business daily Verslo Zinios reported LETA/BNS. “We are planning to have 60% of all railway repairs orders,” Vytautas Radzevicius, CEO of GTC, told the paper. According to him, 2019 is the first year that…

Skinest files Brussels complaint against Lithuanian Railways

Wednesday, August 7, 2019

Estonian railway services group Skinest Rail’s company Skinest Baltija, virtually eliminated from all tenders of Lithuania’s state-run railway company Lietuvos Gelezinkeliai (Lithuanian Railways, LG) has filed a complaint against LG with the European Commission, informed LETA/BNS. Skinest complained over activities of LG and its subsidiaries, including LG Cargo, Gelezinkeliu Tiesimo Centras (GTC) and Vilniaus Lokomotyvu Remonto Depas (VLRD), allegedly distorting competition, and it also suspects the state company of providing…

Estonian minister: Not realistic for tunnel to Helsinki to be completed by 2024

Tuesday, July 9, 2019

Estonia’s Minister of Public Administration Jaak Aab has described the wish of Finnish businessman Peter Vesterbacka to complete an undersea railway tunnel between Helsinki and Tallinn by the end of 2024 as not realistic, the news portal of public broadcaster ERR reported on Tuesday. Aab told ERR that while the first underlying data for making the decision about the initiation of a designated spatial plan necessary for building the tunnel…

Lithuanian Railways pays millions to ex-Latvian KGB officer’s company

Wednesday, June 5, 2019

Lithuania’s state-run railway company Lietuvos Gelezinkeliai (Lithuanian Railways, LG) and its subsidiaries have paid almost 130 million euros over a decade to Latvia’s Sigmen controlled by former Latvian KGB officer Yuri Simonenkov, according the Lithuanian national radio and television LRT’s investigation team has disclosed writes LETA/BNS. Its sources said Simonenkov (the shares officially belong to his wife) and people in his surrounding have ties with former KGB officers and agents,…

KNAB checks Latvian Railways’ wall project – half a million spent but there is no wall

Monday, May 13, 2019

Corruption Prevention and Combating Bureau has commenced an investigation in relation to the protective wall project near Šķirotava railway station in Riga – Latvian Railway (LDz) has partially paid for the project, but the firm in charge of it has simply transferred the money to some company in Hong Kong, as reported by public broadcaster TV3 programme Nekā personīga. Six years ago, LDz signed a contract with private firm Composite…