Construction, Cooperation, EU – Baltic States, Financial Services, Funds, Lithuania, Markets and Companies, Railways, Transport

He said the new government should scrutinize all aspects of the project before signing the agreements. In Skvernelis' words, the deal will not be signed, if the analysis is not complete by his visit to Tallinn in the end of the month.

"We do not yet have any information about any signing. We have not yet finalized our position (…), it has not been clearly stated when it comes to the signing. If we do not have enough time to analyze it and harmonize it, there will be no signing. This is the aim and the objective but we, as the new government, have to review all the circumstances surrounding Rail Baltica. T his includes finan cing, acquisitions and finally cargo flows, we need to ensure benefits of the project and financing of the project after 2020. I cannot confirm today that this will be the main item on the agenda," Skvernelis told journalists on Monday.

In his words, Lithuania's key position on Rail Baltica remain unchanged, however, the country needs more details to sign thorough agreements.

The Estonian government intends to sign the deal during the meeting of Lithuanian, Latvian and Estonian prime ministers in Tallinn on Jan. 31. The document should stipulate commitment of all three countries to the project, the Estonian government said in a draft resolution.

The agreement will outline general technical parameters and the Rail Baltica route, as well as project implementation time-frames, conditions of construction, contractor and the role of the joint enterprise RB Rail, as well as financing of the construction.

Baiba Rubesa, board chairperson of RB Rail, said last November that the countries should sign the agreements that stipulate the course of the railway. In her words, the document is needed to make the project irreversible and give grounds for negotiations with the European Commission about support after 2020.

The project is estimated at about 5 billion euros. The EU may finance up to 85% of the value of the projects implemented at a certain period in the 2014-2020 period. In the 2015-2016 period alone, EU provided about 311 mln euros, including 106 miln euros directly to the state-run railway company Lietuvos Gelezinkeliai (Lithuanian Railways) and another 205 mln euros via RB Rail.