Loading…
Friday, October 2Friday, October 2
Latvia has imposed a €20 million per kilometer cost cap on the Rail Baltica project to rein in spiraling infrastructure expenses, Prime Minister Andris Kulbergs announced on Friday. The decision follows a study by independent consultants, which the government used to set the limit for tracks, electrification, and signaling—excluding major structures—to ensure the main line remains functional, Kulbergs said.
The first phase of the project, now due for completion by 2034, could cost €7.5 billion, approximately €2 billion more than previously forecast, according to the Ministry of Transport. The entire main line in Latvia is planned to exceed 200 kilometers. Kulbergs emphasized the need to balance expenditures, stating that the government must assess funding models and their budgetary impact before finalizing commitments.
By December, the Ministry of Transport, aided by consultants, is expected to draft a minimum project scenario to clarify the functional requirements and actual costs of the first phase. Kulbergs also noted that the three Baltic states are seeking clear, consistent EU funding to implement the project, with the prime minister set to defend Latvia’s position at the European Council on 15 October.
The government has not yet disclosed whether it will terminate the contractor’s agreement or specified the full cost of the first phase. Kulbergs described the cap as a necessary measure to prevent further cost overruns, stating, “We were simply taken for a ride.”
Follow us for live European news
6 further sources not geolocated
"Eksplozja kosztów" na niemieckim lotnisku. Osiem razy drożej niż planowano Kolejna eksplozja kosztów na berlińskim lotnisku stołecznym (BER). Początkowo rozbudowa o nowy terminal rządowy miała kosztować 344 mln euro. Teraz mówi się już o kwocie sięgającej nawet 2,5 mld euro — co stanowi niemal ośmiokrotność pierwotnych kosztów. A nawet to może nie być ostateczny rachunek.
businessinsider polska · about 2 hours ago
Do kavárny na záchod. Břeclav přispívá podnikům, které zpřístupní toalety, ušetří tak za veřejná WC Břeclav spustila projekt WC Gratis. Jeho cílem je zpřístupnit toalety podniků i těm, kteří nejsou jejich zákazníky. Město bude zapojeným provozovnám přispívat 2000 korun měsíčně. Podle mluvčí Břeclavi Ivany Solaříkové je to finančně výhodnější než vybudovat a provozovat nové veřejné toalety. Podobně se systém osvědčil také v Hradci Králové, Jihlavě nebo Znojmě. Naopak neúspěšný je zatím v Brně.
irozhlas.cz · about 2 hours ago
Latvian PM: We were simply taken for a ride – 20 million euro cap set per kilometre of Rail Baltica Based on a study by independent consultants, the government had decided that costs must not exceed 20 million euros per kilometre.
baltic news network · about 2 hours ago
41.000 mladih bo lahko z vlakom brezplačno odkrivalo Evropo 41. 000 mladih Evropejcev bo lahko tudi letos izkoristilo brezplačne železniške vozovnice, s katerimi bodo do 30 dni lahko potovali po stari celini.
rtv slovenia · about 2 hours ago
EasyCars Expands Its Fleet in Riga and Tallinn with EUR 1.3 Million in Financing from Signet Bank - The Baltic Times Signet Bank has provided EUR 1.3 million in financing to short-term car rental company EasyCars. The financing will be used to expand th......
baltic times · about 2 hours ago
Latvian government desperately tries to cut Rail Baltica costs The cost per kilometre of the European standard-gauge railway will be up to 20 million euros, the government decided at a closed-door emergency government meeting on October 1, at which an informative report on the Rail Baltica railway project was considered. Until now, the cost per kilometre had been as high as 32 million euros.
lsm latvia · about 2 hours ago
Business-Class auf Schienen, für 65 Euro – so funktioniert der neue Nachtzug-Plan Geschäftsreisende fliegen oder fahren ICE – Nachtzüge gelten eher als Urlaubsprodukt. Eine Berliner Firma will genau das ändern: mit privaten Suiten ab 65 Euro, Schlafkabinen und zunächst der Strecke Hamburg–München. Das eigentliche Ziel ist deutlich größer.
welt.de · about 2 hours ago
EBRD finances upgrade of Montenegros strategic Bar railway link
gdeltproject.org · about 2 hours ago
Applications open for EU call offering free train travel for 18-year-olds - EUbusiness.com
gdeltproject.org · about 2 hours ago