675 million euro contracts signed for Rail Baltica project

675 million euro contracts signed for Rail Baltica project

The purchases for the Rail Baltica project in 2021 will be aimed at preparing for large-scale construction work. Currently, contracts for 675 million euros have already been signed. This was discussed during the webinar, which was attended by more than 1.3 thousand professionals of the railway industry from 34 countries, including the Baltic countries, Germany, Italy, Finland, Great Britain, Sweden, France and others, informs Railway Supply magazine with reference to the RB Rail AS website.

During the live broadcast, the main upcoming tenders and their schedule for 2021 were presented.

“Despite the pandemic that has slowed the growth of many industries, the Rail Baltica project has shown significant progress in 2020. We have received strong political support both at the national and EU level, while maintaining a significant role in the economic recovery after the coronavirus epidemic, ”said Agnis Driksna, CEO and Chairman of the Board of RB Rail AS.

The international competition for the project of the Vilnius railway station has started

According to him, the total estimated value of the procurement contracts to be launched this year exceeds 2 billion euros. “We look forward to building strong and sustainable partnerships in the years to come. Today we work with over 217 Baltic and 50 EU companies. We call on both international and Baltic suppliers to actively participate in the project, ”said Agnis Driksna.

Currently, more than 640 km of the 870 km of the Rail Baltica trunk line are under development. In addition, construction work has begun.

Rail Baltica’s total investment is expected to reach 5.8 billion euros by 2026, of which up to 85% will be financed by the European Union.

Related:

RB Rail invites to webinar on procurement plan for 2021