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Tuesday, December 6, 2022

RB Rail signs €353m grant agreement with CINEA for Rail Baltica project

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RB Rail has reached a further cross-border grant settlement with the European Local weather, Infrastructure and Setting Govt Company (CINEA) for the Rail Baltica mission.

Estonia, Latvia, and Lithuania had been additionally concerned within the settlement on the Connecting Europe Facility (CEF).

Claimed to be the most important Baltic-region infrastructure mission, the Rail Baltica mission will cowl a size of 870km in Estonia, Latvia, and Lithuania.

Underneath the settlement, CEF’s share will likely be €353.9m or a most of 85% of the full price range of €422.6m allotted for the mission. The remaining funds will likely be contributed by the governments of the three Baltic States.

The funding will likely be used for permitted actions, comprising remaining Rail Baltica mainline designs in Lithuania.

The initiatives embody the mainline part “Poland/Lithuania border to Kaunas city node”, Kaunas city node, the design of mainline and regional connections on the part between Kaunas city node and Vilnius city node, and the design of Vilnius city node.

Supported funding may even be used for a part of land expropriation compensations.

In addition to, it is going to be used for the development works on Rail Baltica mainline on the precedence part in Latvia and the event of detailed technical design for the development base within the Skulte infrastructure upkeep facility.

The actions additionally embody the development of substructure and related components on the Rail Baltica mainline in Estonia and guarantee cross-border dimension and technical interoperability, in addition to analyse the related fashions for the cross-border part building procurement.

RB Rail administration board chairperson and CEO Agnis Driksna stated: “At present we reside in occasions of elevated financial uncertainty ensuing from geopolitical disaster, steady worth fluctuations, and risky building materials availability, and it’s extra essential than ever to make sure tight cross-border cooperation between the companions within the three Baltic nations to ship the Rail Baltica and preserve its place amongst the highest precedence high-speed infrastructure initiatives within the European Union.”

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