Rail Baltic to receive €202 million in second EU funding round

Render of the winning Rail Baltic Pärnu passenger terminal design, "Water Strider." (Pärnu.ee)
6/17/2016 3:48 PM
Source: BNS
Category: Business

In the second round of funding, the European Commission has approved 202 million euros for the Rail Baltic high-speed railway project, of which Estonia's share will be 10.9 million euros.

"Creating a fast rail connection to the heart of Europe has been the Baltic countries' wish for years, and now our second funding application received a positive reply,” said Minister of Economic Affairs and Infrastructure Kristen Michal. “The lion’s share of the funds, or 9.7 million euros, will go toward the construction of a tram line connecting the Ülemiste passenger terminal of Rail Baltic with Tallinn Airport. [This is] good news for Tallinn, passengers, and the future of Rail Baltic.”

The rest of the funds are planned to be spent on various necessary studies, including the railway construction concept, building logistics solutions, analysis of the possibility of extending the tram line to Tallinn’s Old City Harbour, and solutions for a rail freight terminal in Pärnu.

The total amount of support sought by Estonia, Latvia, Lithuania and the three countries’ joint venture RB Rail was 238 million euros, of which the Connecting Europe Facility (CEF) was expected to provide 202 million.

While in the previous funding round the emphasis was on preparations for implementing the project in Estonia and Latvia, this time the majority of the funds will be awarded to Lithuania.

The European Commission announced on Friday the 195 transport projects that are to receive a total of 6.7 billion euros from CEF. Projects involving Estonia were allocated a total of 15 million euros.

Editor: Aili Sarapik

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