Key Market Indicators
Latvia is poised to increase its rail infrastructure expenditure to approximately €84 million by 2028, up from around €76 million in 2023. This marks a compound annual growth rate (CAGR) of 1.7% over the period. Notably, since 2000, Latvian demand for rail infrastructure has surged by nearly 30% annually. However, the length of Latvian rail routes is expected to decline slightly. By 2028, the country's rail length is projected to fall to 1,770 route-kilometers from 1,830 route-kilometers in 2023, reflecting a 0.6% annual decline in CAGR. Since 2000, the supply of rail routes in Latvia has decreased by 0.3% annually. In the global context, Latvia ranked 45th in rail length in 2023. Lithuania surpassed Latvia with 1,830 route-kilometers. Leading the ranking were China, Russia, and India, occupying the second, third, and fourth positions, respectively.
