Wednesday, August 2, 2017
The Rail Baltica transport project.
Rail Baltica will connect Warsaw with Kaunas, Riga and Tallinn. The 870-kilometre high-speed project is to cost 5.8 billion euros (6.8 billion dollars), with co-funding of up to 85% from the EU’s Connecting Europe Facility (CEF), and become fully operational in 2025. It is part of the EU’s North Sea-Baltic core network corridor that intersects in Warsaw with the Baltic-Adriatic corridor.
- Industry’s tailored products, just-in-time supply chains and lower operating margins will require more efficient rail transport.
- New trains will deliver cargo from Tallinn to Poland in two days instead of four.
- Every euro invested from national budgets is estimated to yield a six-fold return, the total economic benefit being put at 16 billion euros.
- Rail Baltica could compete with the existing rail freight route between Latvia and central Russia.