Rail Baltica project signs over EUR 353mn grant agreement with European Climate, Infrastructure and Environment Executive Agency

On Friday, the Rail Baltica joint venture of the Baltic States RB Rail AS announced signing additional cross-border Grant Agreement on the Connecting Europe Facility (CEF) funding for the Rail Baltica global project. The total budget under this agreement is EUR 422.7 million, out of which the CEF contribution will be EUR 353.8 million or maximum 85%, whereas the remaining financial contribution will be provided by the governments of the three Baltic States, RB Rail AS said in a statement.

The agreement is signed between the European Climate, Infrastructure and Environment Executive Agency (CINEA), Ministry of Economic Affairs and Communications of Estonia, the Ministry of Transport of Latvia and the Ministry of Transport and Commun