Baltic: EU allocates another EUR 1.2bn for Rail Baltica project

The European Commission will allocate an additional EUR 1.2bn of EU funds for the construction of the Rail Baltica railway, the project’s coordinator, RB Rail, announced, LSM reports. Of the sum, around EUR 370mn will go to Estonia, EUR 346mn to Latvia, and EUR 458mn to Lithuania. Together with national co-financing, total available funding will amount to EUR 1.5bn. Building the railway line to Poland is estimated to cost EUR 15.3bn by 2030.