The joint venture between the three Baltic states that will carry out the European-standard gauge railway project Rail Baltica, should be established on October 28.
Preparations had been finalized and the agreement would be signed in Riga on October 28, Latvia’s Transport Minister Anrijs Matiss said.
According to Latvia’s minister, the joint venture is likely to apply to the European Commission for project co-funding late this year or early in 2015.
“It’s an important task of the joint venture. It’s a difficult task, which shall be performed in a short period of time.”
The minister is certain that the joint venture will manage to submit the application in due time
The consensus on the joint venture shareholder agreement was reached by negotiators in June.
Source: http://en.delfi.lt
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