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.

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