July 31, 2017

EC approves funding for Rail Baltica

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THE European Commission (EC) decided on July 25 to allocate €110.5m to the Rail Baltica project, and also confirmed that funding agreements would be signed by the end of November.

Of the funding, Lithuania will receive €98.3m, Latvia will receive €7m, and Estonia will receive €5.2m.

“Member states of the European Union (EU) approved the funding decision presented at the Connecting Europe Facility (CEF) on July 6 to allocate €2.6bn for 152 important transport projects,” says Ms Victoria Von Hammerstein-Gesmold, press assistant at the EC.

Grant agreements for the recipients of the funding for all of the projects which will receive investment have been drawn up, and the signing process will start now and last until November.

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