Estonia’s state-owned company Rail Baltic Estonia, which was established to build the Rail Baltica railway, reported revenue of nearly EUR 39.6mn in 2022, which was up 84.3% from 2021, BNS reports. The company’s annual profit more than doubled from EUR 11.4mn to EUR 28.5mn. Rail Baltic Estonia made a profit of EUR 36mn from targeted…
The European Commission has approved a financing package of EUR 305mn from the Connecting Europe Facility for transport infrastructure projects in Latvia during the 2021-2027 financial period, the Ministry of Transport announced, Baltic News Network reports. The ministry will allocate the funds to several key initiatives, including EUR 298mn for the Rail Baltica railway project,…
Latvia’s Jurmala city council plans to begin reconstruction work on the Dzintari overpass in autumn 2023, deputy mayor Janis Ledins told LETA. The city council allocated funds for the long-awaited project, which is estimated to cost over EUR 7mn. Earlier, the Latvian government approved a state loan for the project. The general contractor on the…
The Latvian political activist, Valentins Jeremejevs, has released several videos in which he claims that 2,000 families in Latvia will be evicted from their homes due to the construction of the Rail Baltica railway, Re:Baltica reports. Jeremejevs’s most popular video on TikTok has been viewed by almost 150,000 people and on Facebook by 2,300 people….
The construction cost of the East Highway in the Latvian capital, Riga, may increase by more than EUR 8mn, the Riga city council estimated, LETA reports. The city council considered changes to the project’s implementation, which also envisage an increase in funding. The city signed a contract for the first stage of the construction project…
