The three Baltic prime ministers agreed in Riga on Wednesday on the need to accelerate the implementation of the Rail Baltica European standard-gauge railway project.
„Rail Baltica“ tiesimo darbai Kaune
© R. Tenio nuotr.

The prime ministers "spoke about the need for us to do everything we can to speed up the implementation because we are lagging behind, the project is not yet ready and we need to talk very seriously with the European Commission, with the rail companies and with one another," Deividas Matulionis, vice-chancellor of the Lithuanian government, told BNS.

"The Estonian prime minister said that it needs to be accelerated as much as possible," he added.

According to the official, it is also important that EU funding for the project remains unchanged.

"We must seek to ensure that the EU commitments in the new financial framework remain the same as they are now and that the co-financing rate remains unchanged. It is now 80 percent European (funding) and 20 percent national (funding). We would like to keep the same level," he said.

In the 2014-2020 budget period, the Rail Baltica is 85 percent funded by the EU

The total cost of the project is estimated at around 5.788 billion euros, including some 2.474 billion euros in Lithuania.

It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Masiulis claims Grybauskaite asked for MG Baltic's positive coverage

Eligijus Masiulis , ex-leader of Lithuania's Liberal Movement, accused of accepting a bribe, claims...

Offices of the future will have to offer more than the working premises

The office becomes an important tool to attract employees and is now not just the work premises, but...

Ignitis Group plans to delist its subsidiaries from Nasdaq Vilnius

Lithuania's state-owned energy group Ignitis Grupe (former Lietuvos Energija ) is planning to...

Norwegians press exporters to cut prices amid weakening krone

The weakening of Norway 's krone against the euro has not yet hit Lithuanian exports to the...

Lithuanian Post's board refuse to stay on after ministry orders halt to sale of buildings

Independent members of the management board of Lietuvos Pastas ( Lithuanian Post ) have refused to...