The subsidiary of the state-owned company "Latvijas dzelzceļš" — SIA "LDz Cargo" — has once again failed to sell 87 freight cars at auction, which ended up on the territory of Ukraine.
The problem is that these railcars cannot be transferred to Latvia – the broad gauge for Latvian railway workers is closed, as it passes through the territories of prohibited Russia and Belarus. It is also impossible to reroute through Poland, as there the gauge is narrow and unsuitable for Latvian railcars.
As a result, they decided to sell them, but obviously, Ukrainians are not currently interested in Latvian rolling stock. Consequently, the auction failed.
The freight cars were put up for sale in eight lots. The state enterprise of Latvia wanted to earn 643.6 thousand euros for a total of 87 railcars, or about 7.4 thousand euros per railcar. Despite the blatantly undervalued price, no one wanted to buy them.
It was previously reported that the turnover of the LDz group last year amounted to 233.7 million euros, which is 11.3% less than in 2023, while the group’s losses multiplied — reaching 39.438 million euros.
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