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EUR 499 million from EU funds redistributed for different projects
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    News

    EUR 499 million from EU funds redistributed for different projects

    RIGA, May 19 (LETA) - The Cabinet of Ministers on Tuesday decided to redistribute EUR 499 million from the EU structural funds and Cohesion fund for dealing with consequences from the Covid-19 crisis.

    The Finance Ministry has proposed the government to redistribute financing for measures to recover economy - projects that can be implemented in the second half of 2020 and 2021.

    Of the total of EUR 499 million, more than half or EUR 283 million will be used for projects in the transport sector.

    In relation to the Transport Ministry's decision to suspend the railway electrification project worth EUR 346.64 million, the government decided to redistribute the funds earmarked for the project to other projects in the transport sector.

    EUR 113.36 million will be used for railway infrastructure projects, for example, passenger infrastructure, upgrade of railway infrastructure and purchase of diesel trains. At the same time, EUR 36 million will be earmarked for tram infrastructure projects in Liepaja and Daugavpils, EUR 10 million for Daugavpils bus infrastructure projects, and EUR 45.29 million for Riga and Liepaja port projects.

    EUR 30 million will be earmarked for strengthening health care services, EUR 45 million for support to businesses, EUR 20 million for support to employment measures, and EUR 15 million for qualification and requalification of employees.

    • Published: 19.05.2020 15:24
    • Raivis Spalvens, LETA
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