Rail Baltica financing agreement

The European Commission (EC) Innovation and Networks Executive Agency (INEA), a joint venture in the Baltic countries involving RB Rail AS, The Lithuanian Transport ministry and responsible ministries of Latvia and Estonia, signed a financing agreement for €180 million from EU funds for the project development and operations in Lithuanian territory on 18 November 2016.

This is a result achieved by consistent work and the joint effort of all partners. The signing of the contract for the Rail Baltica project development demonstrates the maturity and closer approach to the ultimate goal – to build a railway line in the Baltic States by 2025″, – says the Minister of Transport Rimantas Sinkevicius.

According to the agreement, EU funds will be used for the European Rail Baltica 1435mm gauge extension from Kaunas to the Latvian state border. A 5km long section will be equipped with a railway roadbed and related infrastructure elements: overpasses, culverts and bridges. It is also planned to carry out a feasibility study for further development on the earlier stretch of European gauge track built from the Polish / Lithuanian border to Kaunas. Based on the results of this study, it is planned to introduce traffic management, alarm and related systems.

The Rail Baltica European gauge railway will connect Germany, Poland, Lithuania, Latvia, Estonia and Finland (by railway ferry or possibly a tunnel). This is the largest transport infrastructure project since Lithuania obtained independence in 1991.

Source of information The Ministry of Transport and Communications of the Republic of Lithuania.