Rail Baltica successful in competition for further funding from the EU’s Connecting Europe Facility (CEF)

The latest financing application submitted by RB Rail AS and the Ministries responsible for transport policies in the Baltic states – Estonia, Latvia, Lithuania – has been successful. Rail Baltica project has been recommended to receive up to EUR 17,28 million in further financing from the Connecting Europe Facility (CEF) under the last call for proposals from the 2014-2020 period.

The selection decision was announced by the European Commission on 15 July 2021. It does not constitute a formal commitment by the European Commission nor by the European Climate, Infrastructure and Environment Executive Agency (CINEA) and the allocation of the grant is subject to the successful conclusion of the Grant Agreement preparation and implementation processes. Work on drafting the Grant Agreement has now already started and the Beneficiaries aim for signature thereof in autumn 2021.

The additional funds are set to boost the greening of the transport sector in the Baltics by helping to further advance the development of the new European-standard 1435 mm gauge double-track railway link integrating the Baltic states deeper into the EU’s TEN-T network.

As the EU remains highly committed to delivering a transport network which is environmentally performant, safe for its users and is driven by smart solutions, 68 project proposals were supported in total with €242.2 million under this call for proposals. Out of this, EUR 181.4 million have been proposed for allocation to 37 rail projects.

More information: https://cinea.ec.europa.eu/news/transport-infrastructure-studies-receive-further-eu2422-million-fast-track-future-creation_en