More than EUR 1 billion will be given to the Rail Baltic project, which will eventually connect Tallinn to the Polish border, the European Commission has said.
Together with national co-financing from the three Baltic States, the available funding will increase by EUR 1.5 billion, Latvia’s public broadcaster LSM reports.
Of the additional funding, Estonia will receive approximately EUR 370 million, Latvia EUR 346 million and Lithuania EUR 458 million.
The first phase of the project, which aims to build the Rail Baltica high-speed rail line in all three Baltic countries, linking with Poland, until 2030, is estimated to cost EUR 15.3 billion. (ERR)