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ABOUT THE PROJECT NO. 1.2.1.4/18/A/051

Joint Stock Company “RĪGAS ELEKTROMAŠĪNBŪVES RŪPNĪCA” project No. 1.2.1.4/18/A/051 “Development of a production line for a 25 kV AC electric train with asynchronous drive” is completed.

The project is implemented in cooperation with the Central Finance and Contracts Agency support program “1.2.1.4. Support for introduction of new products into production ”within the 2nd round. The project implementation agreement with CFLA was concluded on November 29, 2018 and the project implementation is planned to be completed by December 31, 2020. The total cost of the project is approximately EUR 2 million, of which 35% is ERDF funding.