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…

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Estonia: Finance Minister suggests listing RB Rail on stock exchange

Estonian Finance Minister Mart Võrklaev suggested floating the company coordinating the Rail Baltica railway project, RB Rail, on the stock exchange to raise more funds amidst rising construction costs, ERR reports. Construction costs in Estonia alone are estimated at EUR 3.1bn, with EUR 1.2bn secured from EU funding. Võrklaev said that the government expected to have…

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Lithuania: Defence Ministry to begin fortifying border with Russia, Belarus

The Lithuanian government plans to invest around EUR 17.56mn in counter-mobility measures over 2024-2027, the Ministry of Defence announced, BNS reports. The plan is to deploy counter-mobility defence installations along the border with Belarus and Russia’s Kaliningrad (Königsberg) region by April 2025, reserve barriers on major national roads and bridges by November 2025, and drainage…

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Lithuania: Interior Minister asks for EU funds to secure Russia border

Lithuanian Interior Minister Agne Bilotaite has requested financial support from the EU to strengthen the protection of the country’s border with Russia, BNS reports. In a letter to EU Commissioner for Home Affairs Ylva Johansson, Bilotaite emphasised the need to modernise and update border surveillance systems, with costs estimated at nearly EUR 16mn and required…

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