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Monday 20.08.2018 | Name days: Bernhards, Boriss

Countries sign third Rail Baltica co-financing agreement

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUConnecting Europe Facility co-financing agreement for the construction of Rail Baltica railway infrastructure was signed by participating member states on 13 July. The value of the agreement is EUR 130 million. CEF’s contribution will reach EUR 110 million, which is equal to 85% of all applicable costs, as confirmed by RB Rail communication consultant Ligita Brodiņa.

The main goal behind CEF co-financing is ensuring progress in the construction process in Lithuania (Kaunas-Lithuanian/Latvian border), which includes finishing construction of a bridge over Neris River, establishment of access roads along the length of the railway and commencement of construction work in Estonia, Brodiņa adds.

She continues: «Among the main goals is also the construction project from Upeslejas to Vangaži rolling stock maintenance depot in Latvia, as well as consolidation of initial technical solutions for the entire railway line in order to continue the construction design process for all elements of the global project. One other goal includes evaluation of suppliers to determine the optimal procurement and supply strategy and effective project management».

Funding is intended for activities like evaluation and studies, technical design, initial technical solutions, territorial planning, constriction work, provision of monitoring of infrastructure, different support and publicity activities, says Brodiņa.

She adds that allocated funding will be divided among project beneficiaries – three Baltic ministries – in accordance with the agreement. With that, Estonia will receive EUR 6 million, Latvia will receive approximately EUR 8 million, and Lithuania will receive approximately EUR 115.9 million.

So far the three Baltic States have been provided two grants from CEF as part of RB Rail project for the construction of necessary railway infrastructure. As of the signing of the co-financing agreement, EU grants for the project reach EUR 824 million. Total CEF investments in accordance with project activities detailed in all three co-financing agreements forms 85% of all applicable costs, providing financial assistance of EUR 683 million, as confirmed by RB Rail representative.


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