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More than 350 million euros to be awarded to Rail Baltica in the first call of the new financial period by European Climate, Infrastructure and Environment Executive Agency

More than 350 million euros to be awarded to Rail Baltica in the first call of the new financial period by European Climate, Infrastructure and Environment Executive Agency

On 29 June 2022, the Rail Baltica joint venture RB Rail AS on behalf of the project’s beneficiaries the Ministry of Economic Affairs and Communications of Estonia, the Ministry of Transport of Latvia and the Ministry of Transport and Communications of  Lithuania announced that more than 350 million euros will be awarded to Rail Baltica in the first call of the new financial period 2021-2027, that in combination with the national co-financing from the three Baltic States exceed 400 million euros. 

The European Climate, Infrastructure and Environment Executive Agency (CINEA) received 399 proposals, for a total of 14 billion euros of requested co-funding. Out of these 135 project proposals were selected for funding of a total 5.4 billion euros across all EU Member States. The amount allocated to the Rail Baltica project is the third largest among all projects.

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