Follow Latvia Investment Immigration and Latvia News: In a television interview, the CEO of the Latvian passenger train company stated that the company's first modernized diesel train will be put into operation in the first half of 2015. Three companies, including the Daugavpils Locomotive Repair Plant, will be responsible for the maintenance and refurbishment of 6 diesel trains, with a total cost of 21.978 million euros. In addition, due to the controversial nature of the electric train procurement plan, which makes it ineligible for EU Cohesion Fund support, the company has had to raise funds from other sources. Furthermore, as the global economic situation has also affected relevant train manufacturers, the electric train procurement plan will be postponed.
