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[Sloan]

Transport Ministers in the Baltics have signed a major agreement over the future of a rail project connecting five countries.

The €3.6 billion Rail Baltica project plans to create a rail line from Tallinn to Berlin in an effort to create faster connection times and boost local economies.

http://www.baltictim...8/#.VFPN4Uu3mvw

[CNJRoss]

Newsweek, 6/11/24

 

High-Speed Rail Line Sees Costs Double

 

Rail Baltica, the high-speed rail project aimed at integrating the Baltic States with the European rail network, is now projected to cost €15.3 billion, nearly double the initial estimates.

 

  The Context

 

Vladimir Putin's invasion of Ukraine has heightened the Baltics States' desire to reduce dependency on Russian infrastructure and energy supplies.

 

Rail Baltica is designed to enhance connectivity between Estonia, Latvia and Lithuania, and Poland. Initially estimated to cost about €7 billion, the project has faced geopolitical tensions, complex engineering requirements and inflationary pressures.

 

 

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