ECIEEA signs €19.7 million loan agreement for Global Rail Baltica project

Maria Rose Posted on: 2021-10-28 10:05:00 Viewer: 2,273 Comments: 0 Country: Latvia City: Riga

ECIEEA signs €19.7 million loan agreement for Global Rail Baltica project

Riga, Latvia (Urban Transport News): The European Climate, Infrastructure and Environment Executive Agency (CINEA), joint venture of the Baltic States RB Rail AS, the Ministry of Economic Affairs and Communications of Estonia, the Ministry of Transport of Latvia and the Ministry of Transport and Communications of Lithuania signed additional cross-border Grant Agreement on the Connecting Europe Facility (CEF) funding for Rail Baltica.

The total budget of the Agreement is 19.7 million euros, of which the CEF contribution will be of a maximum amount of 16.7 million euros or 85% of total eligible costs under this agreement. The remaining 15% will be financed by the governments of the Baltic States.

“The additional Connecting Europe Facility and Baltic states funding not only once again reconfirms the strong commitment of the EU and Baltic partners to this unique cross-border project, but will also enable to finalise the remaining planning stage works, accelerate the Global project delivery by starting design procurements of missing links on the critical Kaunas – Lithuania/Poland border section as well as Kaunas – Vilnius, and facilitate start of mainline construction procurement in Latvia,” explains Agnis Driksna, Chairperson of the Management Board of Rail Baltica Joint Venture RB Rail AS.

“It also includes several important studies such as delivering the next generation Cost-Benefit Analysis and Business Plan for Rail Baltica. Finalisation of the already started design-type activities for railway facilities and mainline to reach readiness for construction remains the utmost priority between project partners” Driksna adds.

The Grant Agreement includes the following activities:

  • Design of Kaunas railway infrastructure in station area (Phase I) in Lithuania;
  • Design of Kaunas infrastructure maintenance facility in Lithuania;
  • Design modifications to enable Riga Node operational developments in Latvia;
  • Modification of Riga Central Station railway section detailed technical design, based on the Rail Baltica operational plan in Latvia;
  • Cekule site study, identification of unexploded ordinance (UXO) in former Cekule military area in Latvia;
  • Pärnu County Planning in Estonia;

The financing has been granted also for joint Rail Baltica chainage and geodetic reference network development study across the Baltic countries and IT architecture development strategy.

“Between 2014 and the present day there have been seven EU-funded Rail Baltica projects, for a total amount of EU support of more than 950 million euro. This latest project, worth almost 17 million euro grant for studies and designs, further showcases the hard work and positive collaboration by all stakeholders involved. I wish the beneficiaries, RB Rail, Estonia, Latvia and Lithuania, a smooth implementation of this cross-border project on the North Sea-Baltic Core Network Corridor,” said Morten Jensen, Head of unit at CINEA.

This grant agreement is the last one under the 2014-2020 financial period.

Under the 2014 – 2020 EU Multiannual Financial Framework period, together with the newly signed agreement, the three Baltic states and RB Rail AS have signed in total seven grants designed under the European Union funding instrument CEF for the construction of the Rail Baltica conventional railway infrastructure. Together with the previously signed grant agreements, Rail Baltica has thereby already secured around 1.14 billion euros from the EU and national funds. 





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