LDz signs an agreement on the financing of infrastructure investment projects, Mixnews.lv

Transportation and Logistics | 2018. on July 17, at noon 09:05

Latvijas dzelzceļš (LDz) has signed an agreement with OP Corporate Bank plc. branch in Latvia for the financing of investment projects in 2018.

The term of the loan is nine years and this amount is intended to invest in the renewal and modernization of several infrastructures

"The funding is intended for infrastructure projects included in the medium-term strategy" Latvijas dzelzceļš "in the company's business plan and is coordinated with the indicative railway infrastructure development plan under approval to provide the appropriate quality infrastructure – maintenance and restoration of existing infrastructure elements, as well as infrastructure upgrades in areas where this is necessary to increase competitiveness The LDZ will invest the funds allocated by the Bank in the implementation of modernization projects already underway in Riga and Daugavpils, amélio thereby increasing the capacity of the infrastructure needed for the transit industry, said Aivars Straksas, vice president of LDZ. the organization and security of processes, as well as the means of restoration of signaling, power supply and electronic communication, railways and rolling stock. "Modernizing the company, renewing infrastructure and increasing competitiveness are the basis of long-term development." OP Bank is a stable partner for a company as important as " Latvijas dzelzceļš "for the national economy of our country The modernization of the railway infrastructure will strengthen the freight, logistics and transit sectors, and enable Latvia to more effectively integrate the global transit routes, "said Elmars Prikšāns, director of the Latvian branch of the OP Corporate Bank plc. and the holding company "Latvijas dzelzceļš"

The group also includes six subsidiaries – LatRailNet AS, which carries out the infrastructure billing and distribution capacity of the railway infrastructure, SIA LDZ CARGO, which provides services of rail and international freight, construction and infrastructure maintenance company SIA LDZ infrastruktūra, rolling stock repair and maintenance company SIA LDZ ritošā sastāva serviss, security company SIA LDZ apsardze, as well as the logistics company SIA LDZ Lo Physics "