Officials sign second Rail Baltica project CEF co-financing agreement
European Innovation and Networks Executive Agency, RB Rail, Estonian Economy and Communications Affairs Ministry, Latvian Transport Ministry and Lithuanian Transport and Communication Ministry have sign a cofinancing agreement for a total amount of EUR 225 million intended for Rail Baltica railway route construction.
EUR 191 million will be allocated from the Connecting Europe Facility. This amount is equal to 85% of all applicable expenditures. The signed agreement adds to the EU co-financing agreement signed on 23 November 2015.
Estonia’s financing amount is approximately EUR 13 million (CEF contribution is around EUR 11 million) will be used on research for the realization of the logistical side of construction efforts and improvements for Rail Baltica’s general energy supply system. Most of the allocated finances will be used to ensure connection of the tramway line between Rail Baltica’s Ülemiste terminal and Tallinn airport.
Latvia’s allocated funding of EUR 0.6 million (CEF contribution around EUR 409,000) will be used to perform evaluation of compliance of Rail Baltica’s railway and aero-navigation infrastructure and services to requirements of Riga International Airport. This money will also finance the necessary archaeological research along the planned route.
Lithuania’s funding, which reaches approximately EUR 211.5 million (CEF contribution around EUR 180 million), will be used to commence construction among 55 km route from Kaunas to the Lithuanian-Latvian border.
In accordance with both co-financing agreements for Rail Baltica, CEF contribution to the project’s activity reaches EUR 633 million. Estonia may receive EUR 186 million of this amount, Latvia may receive EUR 238 million and Lithuania may receive EUR 203.