EU – Baltic States, Financial Services, Latvia, Legislation, Lithuania, Railways, Transport
International Internet Magazine. Baltic States news & analytics
Thursday, 21.11.2024, 07:58
Lithuanian, Latvian transport ministers sign application for Rail Baltica's funding
Print version |
|---|
The application on Thursday morning was signed by Lithuania's Minister of Transport and Communications Rimantas Sinkevicius and Latvia's Minister of Transport Anrijs Matiss.
The deadline for submitting the application to the European Commission (EC) is 26 February. It is planned that the EC will assign up to 85% of the necessary funds.
Lithuanian transport minister said that Lithuania's share in the project will account for around EUR 190 million. A similar share is expected from Estonia, while Latvians will contribute to a slightly greater extent. In total, Lithuania, Latvia, and Estonia will ask about EUR 620 million from the EC under the CEF programme.
The European gauge railway will connect Helsinki, Tallinn, Riga, Kaunas, Vilnius and Warsaw with an extension to Berlin. The project part from Polish-Lithuania border to Tallinn is planned to be completed by 2024.
«The Baltic Course» Is Sold and Stays in Business!
