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Latvia: Agreement between Russian, Latvian railway operators to be signed

May 2008.

Ugis Magonis, chairman of the board of Latvian Railways, said that he was going to sign a long-term cooperation agreement with Latvian company L-Express (operator of all passenger transport between Latvia and Russia).

The need for the new agreement appeared after the acquisition of Latvian company L-Express by Russian holding. One of the main problems, which the agreement is expected to solve, is arranging the circular route of electric trains
RigaSt. PetersburgMoscowRiga.

Source: Baltic Business News

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