Rail Baltica railway project

11/1/2019
Project development

€ 5.6 billion

$ 6.381 billion

Announced

11/1/2019


Overview:

  • Rail Baltica railway project
  • The joint venture, RB Rail, was set up by the Baltic states in 2014 to look after the implementation of the Rail Baltica railway project. The company is responsible for the design, construction and marketing of the trans-European rail project.
  • The Rail Baltica railway project will connect Finland, the Baltic states of Estonia, Latvia and Lithuania, and Poland, while improving railway routes in Europe. It will help unify European transport by connecting the Baltic region’s 1,520mm broad gauge track to the 1,435mm standard gauge track used by European countries.
  • Touted to be the biggest joint project in the history of the Baltic countries, it is expected to be fully completed by 2030.

Jurisdictions:

Finland
Estonia
Latvia
Lithuania
Poland

Deal type:

Project development

Practice area:

Project development

Industry sector:

Transport


Firms:

Party: Lithuanian Railways (Project developer)

Party: Ministry of Transport of Latvia (Project developer)


Party: RB Rail (Project developer)


Party: RB Rail (Project developer)


Party: RB Rail (Project developer)