Rail Baltica may re­ceive 0.8 to 1 mil­lion eu­ros from Europe

Baltic News Network - - News -

If Baltic States are able to reach an agree­ment in re­la­tion to the re­al­iza­tion of Rail Baltica project, there is a high prob­a­bil­ity the project may re­ceive from the Euro­pean Union from 800 mil­lion to up­wards of one bil­lion eu­ros, as CEO of RB Rail Baiba Rubesa told Saeima’s Euro­pean Af­fairs Com­mit­tee.

She men­tioned that if Baltic States do reach an agree­ment on the in­tro­duc­tion model, fund­ing will be al­lo­cated be­fore 2020. To re­ceive this fund­ing, sides in­volved in the project’s re­al­iza­tion have to per­form spe­cific ac­tiv­i­ties.

«This money is at risk of be­ing lost be­cause of dis­agree­ments among Baltic States,» said Rubesa. Al­to­gether fund­ing will reach four bil­lion eu­ros for the re­al­iza­tion of Rail Baltica.

Latvia’s rep­re­sen­ta­tive in the Euro­pean Com­mis­sion Inna Štein­buka noted that more fund­ing may be­come avail­able in the plan­ning pe­riod. She hopes re­al­iza­tion of the project will con­tinue and dis­agree­ments will not af­fect avail­abil­ity of those funds.

On Fri­day, 2 March, mem­bers of the par­lia­ment’s com­mit­tee dis­cussed the progress of re­al­iza­tion of Rail Baltica project, as con­firmed by the par­lia­ment’s press-ser­vice.


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