Under the draft state budget law, €500–600 million a year will be invested in Rail Baltica through 2030, mostly from the EU’s Connecting Europe Facility.
According to Anvar Salomets, CEO of Rail Baltic Estonia, the project’s investment plan was drawn up to ensure the railway is ready for use within five years.
“The coming years all require significant investment — on average, around €500–600 million annually. Since the state budget law and the state budget strategy cover a four-year horizon, our plan currently extends to 2029, though substantial construction work will also continue into 2030,” Salomets said.
He explained that Rail Baltic increased its share capital due to the expansion of its operational scope.
“As far as I know, the share capital is limited to €4 million per year and there’s no need for additional increases. Just to clarify: share capital is the portion of the budget used to cover overhead and any expenses deemed eligible for foreign funding. It’s a very small part of the overall budget,” Salomets said.
Read more: ERR.EE
