The Rail Baltica joint venture RB Rail has applied for funds in the amount of 313.3 mln euros from the Connecting Europe Facility (CEF). The funding is being sought in the third financing round.
The latest funding application is for additional EU money necessary to continue construction works in Latvia, Lithuania and Estonia, complete the planning stage of all elements of the international project, identify the most cost-effective elements, materials and resources of infrastructure that can be purchased as part of consolidated procurement, carry out a comprehensive analysis of the supplier market to work out the optimal purchase strategy and prepare terms for a resolution on the manager of new infrastructure.
The funding is meant for conducting assessments and studies, developing a technical project, construction works, owner supervision, support and publicity activities.
The sum includes 140.3 mln euros expected by Lietuvos Gelezinkeliai for the construction of a 46.7-kilometer roadbed between Kaunas and Panevezys, as well as for engineering networks.
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