Cohesion Fund: €318.5 million for faster and more efficient railway network in LatviaJuly 12, 2019
Hat: Cohesion Fund: €318.5 million for faster and more efficient railway network in Latvia
Funding Scheme: 2019-07-12
Pgm2014 2020: Yes
With a total budget of €63.4 billion for 2014-2020, the Cohesion Fund aims to reduce economic and social disparities and to promote sustainable development for Member States whose gross national income per inhabitant is less than 90% of EU’s average.
The Cohesion Fund is investing €318.5 million in Latvia in order to electrify 308 km of the country’s main east-west railway network and replace diesel-powered locomotives. This will make rail transport faster in the country, align Latvia’s infrastructure with the requirements of EU and national regulations for the development of core railway network and improve air quality in the long-term.
For the 2014-2020 period, the Cohesion Fund concerns Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, Malta, Poland, Portugal, Romania, Slovakia and Slovenia.
Url description: European Commission - Press release
Url info description: Cohesion Fund