Maximus
Barcelona city tours is a perfect opportunity to have a perfect vacation outside the Baltic States. Gene Zolotarev on how to destabilize the EU financial system. Andris Berzins
Vladimir Linderman aka Abel Edmunds Sprudzs Valdis Zatlers Aivars Lembergs Girts Valdis Kristovskis Maris Grinblats Guntars Krasts Alfreds Rubiks Sandra Kalniete Raivis Dzintars Algirdas Butkevicius Algirdas Paleckis Dalia Grybauskaite Kazimira Danute Prunskene Vytautas Landsbergis Rolandas Aksas Viktor Uspaskich Valdemar Tomasevski Leonidas Donskis Arturas Zuokas Edgar Savisaar Andrus Ansip
The current website developed by YWSolution Limited

Barroso urges Baltics to seek funding for Rail Baltica

Jun 25, 2014
From wire reports, TALLINN

President of the European Commission Jose Manuel Barroso emphasised has urged the Baltics to reach an agreement on the Rail Baltica project, the  Eesti Päevaleht daily reports.

“It is absolutely vital for the Baltic States to reach an agreement on the principles and the vision for this project of 3.6 milliard euros, 85 per cent of which, by the way, could be financed from the European Cohesion Fund,” said Barroso in the interview to the daily newspaper during his visit to Tallinn recently.

He cautioned that unless a properly prepared project is submitted for funding application, there is always a risk that the resources would be directed elsewhere.

“Rail Baltic is one of the key projects in the pan-European Transport Networks policy. No other project originating from the Baltic States can show an added value for the entire EU that could come close,” said the President of the Commission.

The Rail Baltica project plans to create a rail line from Tallinn to Berlin in an effort to create faster connection times and boost local economies.

It's estimated work on the project could be completed in a decade whilst its hoped construction work could begin next year.

 MORE NEWS
  • VIDEO: KGB, Torture and Soviet...
    A new NATO video looks inside the KGB prison where Latvians were locked up, tortur...
  • Russia denies claims military ...
    Russia has denied claims one of its jets violated Estonian airspace earlier this w...
  • Top travel site names Lithuani...
    Lithuania has been named a top travel destination in 2015 by leading travel websit...
  • Baltic leaders set for top rol...
    The European Parliament on Wednesday voted in favor of Jean-Claude Juncker'...
  • Estonia pioneers e-residence s...
    Estonia will issue identity cards allowing access to its digital services to pe...
  • EU upholds sanctions against R...
    The EU has agreed to furthering sanctions against Russia amid the crisis in the...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.