The three Baltic States must agree on a new financing model for the Baltic joint venture, RB Rail, which manages the Rail Baltica railway project, CEO Marko Kivila and CFO Ojars Daugavietis stressed, LETA reports. Kivila noted that RB Rail’s budget remains largely unchanged in 2025, and that the company has therefore halted hiring and postponed works to 2026. He warned of a risk that less oversight may lead to misuse of EU funds. Daugavietis lamented that there was uncertainty about RB Rail’s funding every year. RB Rail has therefore suggested that the Baltic States agree on a fixed annual amount of funding. RB Rail’s current financing agreement expires in 2025, and the Baltic States must sign a new one by the end of the year.
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