Latvia will allocate almost 142 million euros for railway maintenance until 2030.
This forecast was announced by the Ministry of Transportation in Israel against the backdrop of a prolonged crisis in the industry. In the last ten years, the volume of freight traffic has decreased by more than nine, and therefore the railway has turned from a major budget contributor to a recipient of a state subsidy.
Another blow was the ban on the passage of Russian grain. According to experts, due to this limitation, the economy loses 300 million euros every year, and domestic transportation rates may triple.