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Baltic countries submit joint EC funding application for Rail Baltica

Latvia, Estonia and Lithuania and the joint-stock company RB Rail have submitted a joint application to the European Commission signed by the transport ministers of all three countries, seeking approximately EUR 620 million funding for the first round of implementation of the Rail Baltica project from the Connecting Europe Facility (CEF) programme.

Minister of Transport and Communications of the Republic of Lithuania Rimantas Sinkevičius stated that “the application for Rail Baltica project are already submitted to the European Commission. In order to implement this project, the biggest part of investments is required from the EU. We hope that the co-funding will be given”.

Rimantas Sinkevičius underlined that the Ministry of Transport and Communications of the Republic of Lithuania gives great importance also to the development of other Lithuania’s strategic projects to be implemented in three directions – in Asian, European and North American continents. Currently, Lithuania seeks for additional freight flows in EU-China direction, to develop the project “Viking” towards Turkey and strengthen the trade and transport links with Sweden.

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