Estonia’s state-owned company Rail Baltic Estonia, which was established to build the Rail Baltica railway, reported revenue of nearly EUR 39.6mn in 2022, which was up 84.3% from 2021, BNS reports. The company’s annual profit more than doubled from EUR 11.4mn to EUR 28.5mn. Rail Baltic Estonia made a profit of EUR 36mn from targeted…
The European Commission has approved a financing package of EUR 305mn from the Connecting Europe Facility for transport infrastructure projects in Latvia during the 2021-2027 financial period, the Ministry of Transport announced, Baltic News Network reports. The ministry will allocate the funds to several key initiatives, including EUR 298mn for the Rail Baltica railway project,…
Lithuania’s state-owned railway company, Lietuvos Gelezinkeliai (LTG), generated revenue of EUR 434.1mn in 2022, which was down 6.7% from EUR 465.1mn in 2021, LRT reports. The company’s annual net profit amounted to EUR 1.2mn, which was down almost 20 times from EUR 23.5mn a year earlier. LTG’s freight volume totalled 31mn tonnes in 2022, which…
Latvia’s state-owned rail freight operator, LDz Cargo, has opened a branch in Estonia, DELFI reports. The new branch employs four people. The company’s strategic objective is to enter new markets and increase its rail freight volume to boost revenue. LDz Cargo began providing freight transportation services in Estonia in January 2023. The company has an…
Latvia’s state-owned railway company, Latvijas Dzelzcels (Latvian Railways), has announced an auction of 5,000 tonnes of ferrous scrap metal on 12 July 2023, DELFI reports. The starting price will be EUR 300 per tonne. The items available for bidding include used railway rails of various lengths, turnout parts, rail fasteners, car retarders, and various rolling…
The Latvian political activist, Valentins Jeremejevs, has released several videos in which he claims that 2,000 families in Latvia will be evicted from their homes due to the construction of the Rail Baltica railway, Re:Baltica reports. Jeremejevs’s most popular video on TikTok has been viewed by almost 150,000 people and on Facebook by 2,300 people….
