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Rail Baltica announces tenders for EUR 2 billion. What is the company allocating such a generous amount of money for?

Rail Baltica announces tenders for EUR 2 billion. What is the company allocating such a generous amount of money for?
photo: Rail Baltica.org press materials/Rail Baltica announces tenders for EUR 2 billion. What is the company allocating such a generous amount of money for?
26 / 04 / 2022

RB Rail has announced tenders for a total of EUR 2 billion, which it will allocate as part of its 2022 Global Project Plan. In addition to consolidated tenders for materials and development of construction already underway, the money will go to purchases needed for construction in the three Baltic countries.

“Despite the external challenges, including impact of the Covid-19 pandemics and now the devastating and condemnable war on Ukraine, the Rail Baltica project is advancing. We are progressing with the completion of detailed technical designs in the already started 650 km and have launched the design and design supervision services for the „Kaunas – Vilnius” section. With construction works taking place in all three Baltic states, we have also signed the Control-Command and Signalling Engineering and Works Supervision contract that allows us to proceed with preparations for the railway subsystems’ design and build procurement. The Rail Baltica Ülemiste joint terminal construction procurement has been launched as well as the Rail Baltica main line in Latvia construction procurement is approaching its second phase. The Procurement Plan with the total estimated contract value exceeding 2bn EUR is to be seen as a strong commitment for the project maturity that is possible with the strong support of the Connecting Europe Facility funds, Finally, we continue applying for additional financing, and extra financing for priority activities in Latvia and Lithuania from the EU Military Mobility allocation of Connecting Europe Facility instrument is received,” told Agnis Driksna, CEO and Chairman of the Board at RB Rail AS.

The global project cooperates with 50 international and more than 200 Baltic partners, and the total value of existing contracts is estimated at more than EUR 900 million.

Driksna pointed out that Rail Baltica’s goal “is to build and maintain strong and long-term relations with our strategic partners from the Baltic States and EU, including the Rail Baltica suppliers’ community, which are of vital importance not only to successfully reach the ambitious targets but also to deliver on the expectations for Rail Baltica being much more than just tracks.”

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