Elron to get €23.2m subsidy this year

Elron trains in Tallinn's Baltic Station (Martin Dremljuga/ERR)
BNS
3/11/2016 11:30 AM
Category: Business

State-owned passenger railway company Elron stands to get €23.2m in subsidies this year, which is a smaller amount than in any of the past three years.

Of the subsidy, €15.6m will be spent on passenger operations, and €7.6m on leases of trains, Elron’s CEO Andrus Ossip told the Baltic News Service.

Elron’s ticket revenue was projected to increase by 6% this year, but this depended to a great extent on repairs along the Tapa-Tartu and Liiva-Rapla sections of the railroad as well as their timetables, Ossip said.

In addition Elron was planning to invest nearly a million euros in its rolling stock and improving the comfort of passengers, Ossip added.

Elron's unaudited operating income in 2015 was €39.4m, 16% less than in 2014.

The subsidy paid to Elron in 2015 was €27.2m and €30.6m in 2014.

Editor: Dario Cavegn

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