Lithuanian Auditor General Mindaugas Macijauskas expressed his conviction that the auditors of three countries are doing a great job in closely monitoring the implementation of Rail Baltic, emphasizing that this project is of great importance for Europe not only economically but also in terms of security, especially in current circumstances.
At the meeting, “RB Rail AS“, the joint company of Estonia, Latvia and Lithuania responsible for implementing Rail Baltica, presented the progress of the project and its financing. Company LTG Infra gave an overview of the development of the project construction works in Lithuania. Consulting company “Vilnius Economics” experts gave a presentation of the risks related to the calculation of railway infrastructure costs and pricing. At the end of the presentations, the participants visited the Rail Baltica construction sites in the Jonava district to assess the progress of the construction of the railway line between Kaunas and Lithuanian-Latvian border. During the meeting, the members of the project monitoring team took the opportunity to discuss the risks and issues related to the planned next cooperative audit.
Rail Baltica is the largest rail infrastructure project in the Baltic region, integrating the Baltic countries into the European rail network. The project involves five European Union countries - Poland, Lithuania, Latvia, Estonia and indirectly Finland. In 2021 the total investment in the project in Lithuania, Latvia and Estonia was estimated to 5.788 billion euros.
The Memorandum of Understanding on the monitoring of the project was signed by the Lithuanian, Latvian and Estonian Supreme Audit Institutions on 20 October 2016 in Bratislava, Slovakia. Regular meetings of the Rail Baltica Project Monitoring Task Force have been held since that time.
