According to the latest estimates, the cost of the international railway project Rail Baltica, including the construction of the Kaunas-Vilnius section, is valued at 5.8 bln euros. From this, Estonia’s share is estimated at 1.3 bln euros. This is a steep increase compared to the 2011 analysis of AECOM, which calculated the price at approximately 3.8 bln euros.
“In the case of such megaprojects it is essential to keep track of the prices of different components, such as construction works and materials, bridges and viaducts, ecoducts and environmental alleviation measures, which may change over time,” CEO of Rail Baltic Estonia Indrek Orav said.
“Compared to 2011, the overall cost of the project has risen and forms approximately five bln euros. Adding the construction of the Kaunas-Vilnius connection, we get a cost of around 5.8 bln euros. The cost of the Estonian section has remained stable in recent years at about 1.3 bln euros of which the Estonian state’s co-financing would form 250-300 mln euros,” Indrek Orav added.
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