Of­fi­cials sign sec­ond Rail Baltica project CEF co-fi­nanc­ing agree­ment

Baltic News Network - - Front Page -

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.

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