Meeting on 28 October in Riga, the Estonian, Latvian and Lithuanian transport ministers signed the document that creates the joint company with capital of €1.95 million. The three states are the only shareholders, each with one third of the capital via holding companies.
The first task of the new venture will be to put together an application to be submitted to the European Commission for co-financing of construction of the 900-km Rail Baltica section that will go through all three…