Construction, Estonia, EU – Baltic States, Railways, Transport

International Internet Magazine. Baltic States news & analytics Friday, 30.10.2020, 21:34

Estonia: Construction of Rail Baltic to cost EUR 1.09 bn over next 4 yrs

BC, Tallinn, 30.09.2020.Print version
Estonia's share in the price of Rail Baltic's construction from 2021 to 2024 is approximately 1.09 bn euros, which includes both support from the Connecting Europe Facility (CEF) as well as the mandatory national own contribution, informed LETA/BNS.

Some 148 mln euros of the total sum will be provided on the basis of the CEF financing agreements from the instruments of the EU 2014-2020 budgetary period and approximately eight mln euros -- depending on the volume of the financing round and success of the application -- has been estimated to be provided from the final CEF application round from the 2014-2020 period, it appears from the state budgetary strategy for 2021-2024.


Approximately 931 mln euros should be made available for the Rail Baltic project until 2024 from the estimated instruments of the EU 2021-2027 budget period. The sum is indicative of the capacity of project implementation in Estonia; actual investment volumes, however, depend on the distribution of budgetary period instruments between years and application rounds, which has not yet been established.


The estimated national mandatory own contribution is based on either the known or estimated minimum own contribution rate of 15 or 19 percent of the total cost of the investment in 2014-2020 and 15 percent during the 2021-2027 budgetary period.


According to the state budget strategy, Estonia's share of the project's budget totals 70.4 mln euros in 2021; 148,7 mln euros in 2022; 456,7 mln euros in 2023 and 494,9 mln euros in 2024.

2021 will see continued large scale design work for the Rail Baltic project on Estonia' territory. The estimated total cost of the design work is around 40.9 mln euros, of which the state's mandatory own contribution accounts 15%.


Altogether 10.8 mln euros will be spent next year on the construction of the main track in Estonia and 13.2 mln euros on the construction of auxiliary facilities. In addition, 3.2 mln euros' worth of land will be purchased for the project.

 






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