The Lithuanian government has allocated EUR 276mn from borrowed funds for military mobility and infrastructure projects in 2023, BNS reports. Finance Minister Gintare Skaiste said that the Defence Ministry would invest EUR 148mn and the Ministry of Transport and Communications another EUR 128mn in the first year of the investment programme. Total investments in military…
The cargo turnover of Latvia’s sea ports totalled 3.4mn tonnes in the first half of 2023, which was 14.2% less than in the same period of 2022, according to data from the Ministry of Transport, Baltic News Network reports. The Freeport of Riga handled 9.6mn tonnes of freight, followed by the Freeport of Ventspils with…
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,…
