Over LVL 200 mln to be invested in development of railroad and ports in Latvia
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By 2013, LVL 80.7 million from the European Union Cohesion Funds will be invested in the development of the Latvian railroad, and another LVL 125 million in the development of Latvian ports’ infrastructure, BC was told at the Transport Ministry’s Communication Department.
These investments are envisaged in the regulations on the development of East-West railroad corridor infrastructure and the “Rail Baltica” project, and regulations on the development of major Latvian ports’ infrastructure, which the government of Latvia endorsed yesterday.
The regulations on railroad infrastructure development deal with increasing the capacity of the East-West transport corridor and implementation of the “Rail Baltica” project for connecting the Baltic and Central European railroad systems.