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Friday 20.01.2017 | Name days: Aļģirds, Orests, Oļģerts, Alģis

Officials sign contract for European funding for Rail Baltica

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUOn Tuesday, 24 November, Innovation and Networks Executive Agency and RB Rail joint company of the three Baltic States signed a financing contract in Tallinn. This document details the allocation of European funding for Rail Baltica’s first development stage.

The financing contract was signed by RB Rail Chairperson Baiba Rubesa and INEA Director Dirk Beckers.

«This is a one-in-a-lifetime opportunity to prove that Baltic States can work together to accomplish a common goal. RB Rail will secure appropriate management, transparent and effective realization of the project and successful business practice,» – said Rubesa.

RB Rail is the central coordinator for Rail Baltica. The company has been given mandate to receive all funding for the project and ensure its use complies with requirements set for all three Baltic States.

Aside from RB Rail, the project is co-realized by Estonian Technical Supervision Institution and Rail Baltic Estonia OU, Latvia’s European Railway Lines and Lithuania’s AB Lietuvos geležinkeliai and UAB Rail Baltica statyba.

Funding will be provided for the realization of Rail Baltica project – from 2015 until 2020. Activities include technical inspection, acquisition of land, first stages of construction, support activities for the project’s realization, work supervision and public relations.

The goal is to complete all preparations and begin the first stage of construction of railway lines in Estonia, Latvia and Lithuania.

Rail Baltica project provides for the establishment of a railway fast-lane from Tallinn all the way to Lithuanian-Polish border. The 1,435 mm wide railway line will accommodate passenger trains, allowing them to reach travel speed of up to 240 km/h. Cargo trains will be able to reach travel speed of up to 120 km/h.

Rail Baltica will restore direct connectivity between Baltic States and the European railway line. It will help improve regional integration and connect Tallinn, Riga, Kaunas, Warsaw and Berlin.

Rail Baltica will have an electrified railway line – environment-friendly and technologically modern. This project also provides for reducing the volume of cargoes carried by other land vehicles and with that – the level of pollution.

Ref: 102.109.109.9872


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