EE: Joint venture for Rail Baltica to be created.

By bne IntelliNews November 11, 2011
Estonian PM Andrus Ansip indicated that a joint venture between Lithuania, Latvia, and Estonia will be set up in order to implement the Rail Baltica project. Rail Baltica is an European gauge railway from Warsaw to Helsinki project. The new joint venture is to be based in Latvia, Ansip added. The European Commission considers Rail Baltica project to be of high priority and to be included in the 2014-2020 EU financing plan. Lithuanian PM Andrius Kubilius added that the PMs of the Baltic States have agreed in principle on the financing of the project in the meeting in Tallinn. The total cost of the railway in Lithuania is estimated at EUR 550mn, while Latvian and Estonian costs are yet to be estimated.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more

EE: Estonian Air to return excess Embraer airplanes.

Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss