Tender issued for multibillion Railway line Project in Lithuania and Latvia
Rail Baltica has announced that LTG Infra launched a new tender to select companies to build the railway embankment, construct engineering structures and access roads on the railway section between Kaunas and the Lithuanian-Latvian border under the Rail Baltica Global Project.
The project involves the development of an electrified double-track European gauge railway line along the entire Rail Baltica route, connecting Warsaw, Kaunas, Riga, and Tallinn. The total length of the Rail Baltica railway line in the Baltic States will reach 870 km, with 392 km in Lithuania, 265 km in Latvia and 213 km in Estonia.
The estimated cost of work on the section of the railway between Kaunas and the Lithuanian-Latvian border is about EUR1.05 billion (US$1.02 billion), excluding VAT. EU funding will be about 85% of the total, the rest will be financed from the Lithuanian budget.
Country news
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October 04, 2022
Three companies nominated for USD6.9 billion Rail line PPP project
Rail Baltica has announced the nomination of 3 companies for the second stage of the tender for the Rail Baltica main line in Latvia.
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July 20, 2021
EIB to provide financing for multimillion Bypass PPP project in Latvia
The European Investment Bank (EIB) has signed up to finance Kekava bypass public-private partnership with EUR61.1 million (USD72.1 million).
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May 05, 2020
Baltic rail megaproject seeks a pool of consultants
Tri-lateral contracting authority RB Rail AS based in Latvia has announced an open competition to provide expert services for the Rail Baltica Global Project.
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December 10, 2018
RFQ launched for Kekava bypass PPP project in Latvia
JSC Latvian State Roads (LSR), on behalf of the Ministry of Transport has published the RFQ documentation for the road PPP.
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July 14, 2017
BaltCap launches first infra fund
BaltCap, the largest private equity investor in the Baltic region, has launched BaltCap Infrastructure Fund (BIF) with the planned size of €100 million (US$114 million).
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