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Saturday 22.02.2020 | Name days: Rigonda, Adrians, Ārija
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Estonia not to borrow to build Rail Baltica, ministry says

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The Estonian part of the Rail Baltica super project will not require loans for construction, according to the country’s Finance Ministry.

Estonian public broadcaster ERR reports that on Tuesday, July 30, a spokesperson of the Finance Ministry explained the financial situation behind the planned major construction works to deliver the Estonian section of the pan-Baltic high-speed railway.

«A total of 410.7 million euros has been planned alongside the state budget and state budget strategy for 2019-2023 for Rail Baltica construction costs, 316.3 million euros of which consists of external support and 94.4 million euros of co-financing by the Estonian state,» the spokesperson sait to ERR.

«The funds are provided for in the budget, and there is no intention of using loans to cover the Estonian state’s co-financing.»

Rail Baltica is a long-anticipated European standard 1,435 millimeter gauge electrified railway for passenger and freight transport to cover 870 kilometers from the Estonian capital to the border between Lithuania and Poland.


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  1. Lokomotiv says:

    Estonia already has a working railway connection up to Warsaw and beyond.

    This railway is palnned for private company on private lands via exerzising the tyranny against landovners exercized by government agencies… there is no State need behind that railway zero need..only business needs for interstate-transportation companies..curruption on high level .. and Eu supports that tyranny… just like USSR

    • Justs says:

      Yea but what if you want to move 5000 tanks to the Russian border from Dutch and German ports really quickly?

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