After several years of negotiations, the three Baltic countries on Tuesday established a joint venture that will carry out the European-standard gauge railway project Rail Baltica.
© DELFI (R.Achmedovo nuotr.)

The Lithuanian, Latvian and Estonian companies, which will control RB Rail in equal parts, signed the shareholders' agreement in Riga on Tuesday.

“We are starting to build rail connections. It’s an important geopolitical and economic milestone… I’m certain that in ten years, our capitals and our people will be much closer to each other,” Latvia’s Transport Minister Anrijs Matiss said at the signing ceremony on Tuesday.

The immediate task for RB Rail would be to apply for funding from the European Commission by 26 February.

BNS
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Salary growth in the Baltic States. Estonia leads, Lithuania is not far behind

According to the biggest remuneration survey in the Baltics, conducted by “Baltic Salary Survey”,...

Upgrade2018! meetings in Vilnius and Riga indicate the importance of cross-Baltic cultural cooperation

International networking meetings realized in the frames of Cross-Baltic Upgrade2018! initiative in...

Lithuanian formin to attend Balts Awards ceremony in Riga

Lithuanian Foreign Minister Linas Linkevičius is leaving for Latvia on Wednesday to attend the...

The annual high-level security and defence forum – The Rīga Conference 2018

On 28 and 29th September the National Library of Latvia in Riga will host the annual high-level...

Technical scenario for Baltic grid synchronization approved in Brussels (Updated)

The project for the synchronization of the Baltic power grids with the Continental European system...