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Wednesday 24.05.2017 | Name days: Marlēna, Ilvija, Ziedone
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Rail Baltica’s predicted expenses – benefits outweigh the costs

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe costs of Rail Baltica standard European railway line project could be equal to EUR 5.7 billion, as reported by Rail Baltica Global Forum 2017 EY partner in Baltic States Nauris Klava.

He notes that the cost/benefit analysis of Rail Baltica project was developed to update the 2011 AECOM study in conditions when decisions about investments are already made. The analysis was performed viewing Rail Baltica is a global projects, not as three separate projects in Baltic States.

Of the estimated EUR 5.7 billion costs, the European Union could cover 85% (EUR 4.6 billion). Baltic States could cover EUR 1.1 billion together. Investments worth more than EUR 500 million for infrastructure restoration will be necessary throughout 2048 to 2052. He said the project’s socio-economic benefits exceed EUR 16 billion. In addition, the project provides benefits for travellers, cargo carriers, railway operators, as well as reduced noise and air pollution levels. The project is also expected to have a positive impact on the countries’ economies.

Klava said the project’s benefits outweigh the costs.

At the same time, he added that profitability of railway operations will largely depend on the ability to attract potential passengers and cargoes.

The potential ticket price for Tallinn-Riga route could be EUR 38 (for a one hour and 55 minutes trip), EUR 38 for Vilnius-Riga route (for a two hour and 1 minute trip) and EUR 76 for Tallinn-Vilnius route (for a four hour and 5 minute trip).

Ref: 225.109.109.5001


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