Rail Baltica project signs over 353 million euro grant agreement with the European Climate, Infrastructure and Environment Executive Agency

2022/10/31 at 8:29 AM
Tags: Rail Baltica

the Rail Baltica joint venture of the Baltic States RB Rail AS announced signing additional cross-border Grant Agreement on the Connecting Europe Facility (CEF) funding for the Rail Baltica global project. The total budget under this agreement is 422.6 million euros, out of which the CEF contribution will be 353.9 million euros or maximum 85%, whereas the remaining financial contribution will be provided by the governments of the three Baltic States.

 The agreement is signed between the European Climate, Infrastructure and Environment Executive Agency (CINEA), Ministry of Economic Affairs and Communications of Estonia, the Ministry of Transport of Latvia and the Ministry of Transport and Communications of Lithuania and Rail Baltica joint venture RB Rail AS.

“Today we live in times of increased economic uncertainty resulting from geopolitical crisis, continuous price fluctuations and volatile construction material availability, and it is more important than ever to ensure tight cross-border cooperation between the partners in the three Baltic countries to deliver the Rail Baltica and maintain its position amongst the top priority high-speed infrastructure projects in the European Union. Rail Baltica is no longer a necessity, it is an obligation, and the additional financing granted will allow us to meet the critical targets and further advance with Rail Baltica construction and delivery as a united Baltic project,” said Agnis Driksna, CEO and Chairperson of the Management Board at RB Rail AS.

The approved activities reflect the priority tasks to be started already next year, including:

Additionally, the confirmed activities will ensure further continuation of the Rail Baltica coordination by RB Rail AS as a cross-border global project both in terms of technical solutions that allow interoperability, delivery approaches and quality, including ensuring that necessary sustainability and climate-neutral transport infrastructure and consistent with European Green Deal goals are met.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.