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Second CEF grant agreement for Rail Baltica signed

Second CEF grant agreement for Rail Baltica signed

EU’s Innovation and Networks Executive Agency (INEA), RB Rail AS, the JV of the three Baltic states, the Ministry of Economics and Communication of Estonia, the Ministry of Transport of Latvia and the Ministry of Transport and Communication of Lithuania have signed the CEF grant agreement under the with a total value of …

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Tenders for Helsinki-Tallinn rail tunnel feasibility studies ongoing  

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The founding partners of the Finnish-Estonian Transport Link Initiative FinEst Link project have launched two consultancy services tenders for the proposed rail tunnel between Helsinki and Tallinn. The aim of the FinEst Link (Finnish Estonian Transport Link), WP2 Comparative impact analysis tender is to support decision of whether the fixed link between Helsinki …

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Estonian Skinest Rail to invest in the Croatian railway market

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Estonian Skinest Rail AS is interested in entering the Croatian railway market by partnering with or investing in the state-owned passenger operator HŽ Putnički prijevoz, state-owned rail freight operator HŽ Cargo and rolling stock manufacturer TŽV Gredelj.  Skinest Rail, part of Skinest Group, is the largest Estonian railway operator providing services on several …

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Estonia makes nearly €1 million payment to Rail Baltic project

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The Estonian government has authorized the Ministry of Economic Affairs to make a first payment of EUR 924,000 to Rail Baltic Estonia, the holding company which represents Estonian interests in the joint venture RB Rail AS. The latter is responsible for the construction of a high-speed rail link between the three Baltic States. …

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Declaration on the implementation of Rail Baltica project signed

The Transport ministers of Finland, Estonia, Latvia, Lithuania and Poland have signed a declaration on the implementation of the ‘Rail Baltica’ project, in the framework of ‘TEN-T days 2015’ event, organised  in Riga on 22-23 June. “A clear momentum on the progress of one of the major railway projects in …

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Estonia: Elron plans to purchase new trains

Stadler Flirt Eesti Liinirongid AS

The Estonian state-owned railway passenger operator Elron plans to purchase five-car train sets to operate on Tallinn-Tartu route. The value of the new order is estimated at EUR 30 million. “As has previously been discussed, our vision shows that we would need at least three more trains,” Elron‘s Chairman of the Board …

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Eesti Raudtee financial results for 2014

Eesti Raudtee financial results for 2014

Estonian state-owned railway infrastructure company, AS Eesti Raudtee reported revenues of EUR 55.5 million and a net loss of EUR 0.26 million for 2014. The company’s operating income decreased by EUR 12.7 million (-18.6% y.o.y). Sales revenue fell by 20% to EUR 51.5 million, of which 85% of the sales revenue was generated …

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Baltic countries submit joint EC funding application for Rail Baltica

EU funding for Rail Baltica in jeopardy

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 …

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Estonia: EUR 12.8 million for improving multimodal connectivity at railway stations

Estonia: EUR 12.8 million for improving multimodal connectivity at railway stations

The Estonian Ministry of Economic Affairs and Communications announced that an amount of EUR 12.8 million from EU’s Cohesion Fund will be allocated for improving multimodal connectivity at railway stations. The call for proposals will be opening next month. The objective of the project is to invest in developing better connections between public …

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Estonian rail freight operator EVR Cargo hauled 15.8 million tons in 2014

Estonian rail freight operator EVR Cargo hauled 15.8 million tons in 2014

Estonian state-owned rail freight operator EVR Cargo hauled 15.76 million tons in 2014, remaining just 0.85 per cent or 135 thousand tons short of the 2013 freight volume. EVR Cargo’s chairman of the management board Ahto Altjõe said that last year was a stable year for the company and was …

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