The European Infrastructure Network Measure (EITP) coordination committee supported the European Union's financing for the further development of the Rail Baltica project in the Baltics.

To read this article, try a €5.99 monthly subscription by clicking here.
© nuotr.

This means that €191 million will go to Rail Baltica projects in Lithuania, which will cover 85% of the project's costs.

This money will cover the cost of traffic management and signaling systems along the Rail Baltica stretch from the Polish border to Kaunas. The systems along the stretch from Kaunas to Balstogė will allow trains to increase their speed, at certain sections reaching 150km/h.

The Rail Baltica line will also be extended from Kaunas towards the Latvian border. The 55-km-long stretch will have a railway bed and other infrastructural elements like viaducts, sluices, bypasses, bridges, etc.

“We reached the point where the EU will finance 85% of this stage of Rail Baltica. This is the maximum possible limit and we concentrated all of our forces. We were supported by the Ministry of Transportation and Communication and the special Seimas task group,” said Rail Baltica Construction chief Dainius Budrys.

The Rail Baltica project in Lithuania has received more than €320 million from the EU. The railway will connect Poland, Lithuania, Latvia and Estonia – and Finland with the help of a rail ferry.

Ryanair announces new route from Kaunas

Ryanair announced a new Kaunas route to Zadar in Croatia , with a twice weekly service commencing...

Doctors from Kaunas Clinics hope for gamma knife economic return over the next couple of years

Neurosurgeons from Kaunas Clinics in Lithuania's second largest city of Kaunas are very happy with...

World’s first digital collector coin to feature signatories of the Act of Independence

The world‘s first blockchain -based digital collector coin created by the Bank of Lithuania is...

Norwegian specialised bank gets licence in Lithuania

Following the assessment and proposal of the Bank of Lithuania , AB Fjord Bank has been granted a...

MG Baltic wins reputation damage case against MP

Vilnius Regional Court on Tuesday ruled that a court of lower instance justly ruled early this year...