Long-term financing necessary for the project ‘Rail Baltica’

Date

2015 06 23

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Long-term financing necessary for the project ‘Rail Baltica’
Long-term financing necessary for the project ‘Rail Baltica’
In the letter, the ministers underlined that considering that the three Baltic States reached an agreement on the project, set up the Joint Venture ‘RB Rail’ and submitted the joint application for the allocation of funding, the success of ‘Rail Baltica’ depends on stable financing of the project, namely, not only on the European Union financial assistance asked under current application for Financial Perspective (2014-2020) but also on the financing of the next Financial Perspective.
 
The letter also noted that as agreed by all parties, Vilnius-Kaunas branch has equivalent importance for the project, therefore, the funding for this branch should be adequate and provided in time.
 
One of the most important European transport events ‘TEN-T days 2015’, which this year is organized in Riga, a lot of attention focused on the project ‘Rail Baltica’. During the event, the representatives of five countries i.e. Transport ministers of Finland, Estonia, Latvia, Lithuania and Poland signed a declaration on the implementation of the ‘Rail Baltica’ project.