Baltic rail companies discuss adjustments to business model of Amber Train project

• Published date: 06 May 2022
• Publication title: LETA

RIGA, May 6 (LETA) - Representatives of the Latvian, Estonian and Lithuanian rail companies have discussed adjustments to the business model of the Amber Train freight transportation project aimed at promoting its competitiveness, LETA was told at Latvijas Dzelzcels (Latvian Railways, LDz).

The company's representatives indicated that the meeting of representatives of the Latvian, Estonian and Lithuanian rail companies was organized in Riga this week to develop cooperation in the transportation of contrailer and container cargo as part of the Amber Train project.

Representatives of the involved companies - Latvia's LDz, LDz Cargo and LatRailNet, Estonia's Operail and Lithuania's LTG Cargo - discussed possible adjustments to the Amber Train project's business model.

LDz board member Rinalds Plavnieks indicated that since the launch of the Amber Train project in 2018 the situation in the rail freight market has substantially changed.

Plavnieks said that the three countries' cooperation project has a large potential on the Latvian, Baltic and the wider regional scale, and that there are excellent opportunities to develop this potential. To do this, it is necessary to agree on the following essential points - the end-price's conformity with market demand, the regularity of rail transport, as well as all three Baltic states' support for...