Rimantas Sinkevičius
Economy

Lithuania sticks to its position on Rail Baltica financing model

Lithuania is sticking to its position on the Rail Baltica financing model and will ask the European Commission to provide around 160 million euros in funding directly and 30 million euros more through a joint venture based in Riga. Latvia does not object to that, with its transport minister saying that it is important to show that Lithuania is taking part in the project as a serious partner. […]

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British rail companies interested in Rail Baltica project

UK rail companies working in international projects and providing rail infrastructure services such as planning, construction and management of innovative and sustainable railways met the representatives of the Lithuanian Ministry of Transport and Communications. During the meeting, the companies had the possibility to learn more about Lithuania’s strategic project Rail Baltica 2 and other rail projects implemented in the country, the Ministry of Transport and Communication said. […]

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Vilnius connection will increase economic value of Rail Baltica, Lithuanian government says

On Monday, a feasibility study on Vilnius connection’s effect to Rail Baltica project was presented to the Lithuanian Ministry of Transport and Communications. The study, conducted by international engineering solutions company Aecom, took into account the projected passenger and cargo revenues along with added value figures and concluded that Vilnius connection will have a positive impact for the Baltic countries, the ministry said. […]

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Rail Baltica deal will not be signed before September

The Baltic countries will not sign a shareholders’ agreement for RB Rail, their joint venture for the European-standard gauge railway project Rail Baltica, in the summer, as expected, because some procedures have not yet been completed, Lithuanian Transport Minister Rimantas Sinkevičius said. […]