Baltic, EU – Baltic States, Railways, Transport
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Thursday, 28.03.2024, 09:41
RB Rail AS has founded branches in Lithuania and Estonia
At the beginning of the December 2016 RB Rail AS founded
branches in Lithuania and Estonia. On December 6, 2016, branch RB Rail
AS Lietuvos filialas was registered in Lithuania, but on December 14,
2016, branch RB Rail AS Eesti filiaal was officially
registered in Estonia. The aim of the newly registered branches is to promote
successful project implementation operations of RB Rail AS.
The
founding of the branches in both countries was in accordance to the Agreement
on Rail Baltic/Rail Baltica Contracting scheme signed in
October, 2016, defining procurement roles of the joint venture RB Rail
AS and the national implementing bodies in the three Baltic countries.
The agreement states that the contracts for RB Rail AS organised
procurements having as their subject matter service provision or supply of
materials in Lithuania or Estonia must be signed with the respective branch of RB
Rail AS ensuring VAT input tax recovery in the respective country.
Additionally,
the branches will be performing project coordinator's representational function
in both countries and will be ensuring direct contact with the ministries and
the implementing bodies of the respective states. The branches will also
facilitate Estonian and Lithuanian citizen interest to work for the joint
venture RB Rail AS registered in Latvia with its head office
in Riga.
Currently
both branches are managed by Baiba Rubesa, the CEO of RB
Rail AS, however, after the registration process will be concluded the
management will be overtaken by the respective RB Rail AS Country
Managers in Estonia and Lithuania.
RB Rail
AS is a joint
venture between the three Baltic States established in October 2014. Holding
equal shares in RB Rail AS are Eiropas dzelzceļa
līnijas SIA in Latvia, Rail Baltica statyba UAB in
Lithuania and Rail Baltic Estonia OU in Estonia.
RB Rail
AS is the
central coordinator for the Rail Baltic/Rail Baltica project. The project
involves the construction of a high speed rail line from Tallinn to the
Lithuanian/Polish border. Rail Baltic/Rail Baltica will be an electrified
public use rail line, an environmentally friendly and modern form of
transportation.