Latvian, Lithuanian and Estonian state auditors have signed a cooperation agreement regarding important aspects and problems uncovered in Rail Baltica project’s implementation and financing so far, as BNN was told by representatives of Latvian State Audit (VK).
An assessment of the situation in regards to the project’s implementation, financing and international cooperation-related matters will be performed with Latvia, Lithuania and Estonia cooperating.
Once auditors of the three Baltic States have assessed all related risks, they will inform their respective government, parliament and society of the findings. The provisional term for the end of the assessment is mid-2024, VK reports.
BNN previously reported that Rail Baltica project provides for establishing a European standard width railway line connecting from Tallinn to the Lithuanian and Polish border in order to connect Baltic States with the rest of Europe. It is planned to establish an 870 km-long railway line in Baltic States. The maximum train speed on this railway line is expected to reach 240 km/h.
Initially it was planned for Rail Baltica project’s costs to reach EUR 5.8 billion. However, all sides involved in the project have since stressed multiple times that the costs have increased significantly. Part of the costs are covered from EU funds. Rail Baltica railway line is planned to be opened section by section between 2028 and 2030.
Also read: Latvia’s former Minister of Finance sharply criticises Rail Baltica management
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Baltic auditors sign cooperation agreement to study situation with Rail Baltica
