Enes
Moscow
Go to mobile

LATEST NEWS

All news

ARCHIVE NEWS

«    February 2018    »
MonTueWedThuFriSatSun
 1234
567891011
12131415161718
19202122232425
262728 

EU might cut financing of Rail Baltica project

logo russianconstruction.com
EU might cut financing of Rail Baltica project

The European Union might reduce funding of Rail Baltica project intended to connect the Baltic countries’ railway lines with Europe. Such move might be caused by Lithuania’s dragging out the process of the project environment harmonization.


The EU’s Innovation and Networks Executive Agency is planning to immediately start revision of Rail Baltica project with the consideration for the fact that Lithuania delayed approval of its financing and implementation model, as it is said in a statement by EU Director-General for Mobility and Transport.

On Friday, Director-General informed RB Rail, the Baltic states’ joint enterprise for the project implementation, that, according to the European Commission, there was a considerable delay in the project implementation. In particular, the matter concerns reaching an agreement on the model of the project’s financing and implementation.

Related publications

PARTNERS

UP