Across the Baltics

Latvia considering 1 billion euro loan to bridge Rail Baltica funding gap

Rail Baltica construction in Estonia. Source: Wikimedia Commons. © Karljohan29

The projected costs of Rail Baltica have been mounting, and so has the funding gap. In order to secure the necessary money for the critical Baltic rail infrastructure, Latvia is now considering taking a 1 billion euro loan. In total, the country needs 6,4 billion euros for the railway line.

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Author: Dennis van der Laan

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