• 2017 April 26 11:47

    Rail Baltica project to boost Baltic economies

    When speaking at the forum "Rail Baltica – Building a New Economic Corridor" the Lithuanian Minister of Transport and Communications Rokas Masiulis emphasised Lithuania’s determination to be actively involved in the building of a new European gauge railway, says press center of the Ministry.

    “We are the leaders in the implementation of this project. We have already built the European gauge line to Kaunas. Lithuania will continue contribute to this project to ensure that it is implemented in time and in a quality manner. The Rail Baltica project involves not only a railway line equipped with stations and terminals – it is also the project of European integration. The railway will provide many opportunities for businesses and people in the whole region. The potential may even surpass our expectations. So, we must seek new business opportunities and new cargo streams already now. I am convinced that this project will have a significant impact on boosting the economic growth of the entire Baltic region,” - said Minister Masiulis.

    The building of a new railway will result in the creation of a quality economic corridor which will increase the mobility of passengers and cargo, according to the new cost-benefit analysis of the Rail Baltica project. The findings of this analysis were presented today by the representatives of the joint venture RB Rail AS.  

    The anticipated socio-economic benefit of the project has been calculated – it averages€16.2 billion euros (not discounted) and significantly exceeds the total amount of required national investments for the project’s implementation.

    The total amount of investments of the three Baltic countries in the project is put at about €5.8 billion (Estonia – €1.4 billion (the state’s share about €268 million); Latvia – €2 billion (the state’s share about €393 million); Lithuania – €2.5 billion (the state’s share about €493 million).

    To ensure that the Baltic countries have an effectively operating 1435 mm gauge railway the important role in the implementation of the project is played by Poland and Finland as well.

    AB Lietuvos Geležinkeliai (Lithuanian Railways) cooperates with Polish railway and logistics companies to attract more cargo and make use of the advantages of one-stop-shop services of the North Sea-Baltic Sea Rail Freight Corridor. Minister Masiulis invited Latvia and Estonia to become part of the structure of this rail freight corridor.

    At the forum, the partner countries of the Rail Baltica project – Lithuania, Latvia and Estonia – reiterated their long-term obligations. The planned public procurements related to the implementation of the project were presented to the representative of the railway industry.

    The trilateral meeting of Lithuania, Latvian and Estonian transport ministers discussed the progress of works performed by each country as part of the implementation of the Rail Baltica project. It was noted that Lithuania had already started the procedure of land expropriation on grounds of public interest in the section Kaunas–Lithuanian-Latvian border and was preparing for building the 1435 mm gauge railway around Kaunas. The railway will be connected with the intermodal terminal in Palemonas.

    On 31 January 2017 in Tallinn, the prime ministers of the three Baltic countries signed an agreement on the construction schedule of Rail Baltica as well as gauge and other parameters. They agreed to outline general technical parameters, routes, the deadlines of the project’s implementation, construction conditions and a contractor, and the role of RB Rail AS in ensuring preliminary conditions and building the railway as well as the funding of the railway’s construction. The agreement provides for the implementation of the Rail Baltica project by 2025 and the launch of the railway’s operation in 2026.

    In 2011, Rail Baltica was named the project of state significance in Lithuania.

2019 January 23

18:27 Planning for 2020 IMO's sulphur cap has already started
18:13 Eagle Bulk receives commitment for a new credit facility totaling $208 million
18:02 Port of Gdansk (Poland) throughput in 2018 totaled 49.03 million tonnes, up 20.7% Y-o-Y
17:40 Andrei Malyarov elected as Chairman of Severnaya Verf shipyard's BoD
17:19 RWE files acquisition of renewables businesses of E.ON and innogy with European Commission
17:03 The Board of Directors of Fincantieri appoints a second General Manager
16:51 Ice restrictions at the port of Arkhangelsk come into effect on February 15
16:37 USCG interdicts smuggling boat with convicted criminals aboard off Florida
16:24 Regulatory issues related to operation of seaport infrastructure facilities to be discussed at the 2nd HES and Dredging Congress
16:08 First discharge of LPG from Ichthys LNG Project in Japan carried by “K” LINE’s VLGC “GRACE RIVER”
16:03 CMA CGM to launch its Med Pendulum Service (MPS)
15:46 Ice restrictions at the port of Vyborg (Leningrad Region) come into effect on February 6
15:33 Nakilat – Keppel welcomes first FSRU at the Erhama Bin Jaber Al Jalahma Shipyard
15:28 MHI Vestas achieves final turbine installation at Horns Reef 3
15:18 Rolls-Royce completes €57 million upgrade of Rauma thruster facility
15:03 NYK announces delivery of new coal carrier for Hokkaido Electric Power
14:33 Port of Oakland reports more ships than ever plugging into grid
14:20 Throughput of Port Vysotsky up 10.7% to 7.89 million tonnes in 2018
14:03 Kiel welcomes the TUI Cruises newbuilding
13:45 Admiralteiskie Verfi shipyard lays down large freezing trawler of Project СТ-192
13:27 Coast Guard’s only heavy icebreaker arrives at Antarctica
13:02 Rotterdam as a circular hub for the raw materials transition
12:58 The Russian Federation accedes to passenger compensation treaty
12:51 New initiatives to strengthen Singapore as a global maritime hub announced
12:37 SCHOTTEL presents new mechanical hybrid propulsion solution
12:04 Port of Riga cooperates with Balarusian forest industry to further increase its timber cargo volumes
11:42 15 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on January 22-23
11:16 OSG exercises option for second 204,000 barrel barge at Gunderson Marine
10:55 Maritime Security & Offshore Patrol Week 2019 to be held for the first time ever in Dubai, UAE by IQPC Middle East
10:37 N-KOM welcomes first FSRU at the Erhama Bin Jaber Al Jalahma Shipyard
10:20 Responsibilities for implementation of state programmes of the Russian Federation divided between Deputy Prime Ministers
10:06 Brent Crude futures price up 0.03% to $61.52, Light Sweet Crude – up 0.02% to $53.03
09:48 Aderco: Planning for 2020 has already started
09:43 Vympel Shipyard lays down yet another hydrographic vessel / buoy tender of Project 19910 for RF Navy
09:19 Baltic Dry Index is down to 1,036 points

2019 January 22

18:25 Elengy prepares the sale of access capacities to the Fos Tonkin LNG terminal for the period 2021-2030
18:05 Monjasa steps up as the 2nd largest local bunker supplier in the Panama Canal in 2018
17:54 Relampago practices skills with UAE Navy ship
17:35 CalMac takes over the tiller at Argyll Ferries
17:05 NYK gets the highest-rated ‘A’ for Climate Change by CDP Survey
16:42 RF Government proposed candidates to Novorossiysk Commercial Sea Port's BoD
16:23 Pilbara Ports Authority achieves a new record tonnage on a single tide at the Port of Port Hedland
15:56 Port of Rotterdam Authority and Rotterdam Port Promotion Council renew collaboration
15:46 ICTSI Subic hits milestone 200,000th TEU move
15:44 Growth seen in several sectors at ABP South Wales
15:28 KONTUR SPb ERT unit’s drills get thumbs up from Rosmorrechflot’s certification commission
15:22 First ship viaVerbrugge Terminals’ new permanent shipping line with South America docks in North Sea Port
15:00 Meyer Turku delivers New Mein Schiff 2 to TUI Cruises in Kiel
14:41 Jotun looks into expansion of ship coatings production in Russia
14:32 HHLA completes expansion of the container rail terminal Burchardkai
14:19 Bunker prices are flat at the Far East ports of Russia (graph)
14:02 North Queensland Bulk Ports Corporation opens the Port of Mackay for new bulk material trades
13:32 China Navigation to acquire the bulk shipping activities of Hamburg Süd
13:22 14 crewmembers of gas carriers which caught fire in the Kerch Strait confirmed dead, five missing
13:15 Fincantieri to build LCS 31 for US Navy
12:53 Gdynia, Poland to host Transport Week 2019 on March 5-7
12:31 MOL moves to establish 'Asahi MOL Tankers' for pool operation of MR Product Tankers
12:14 DFDS expands cooperation with Turkish Ekol Logistics
11:45 ABP invests £2.2 million in new agribulk terminal at Port of Ayr
11:17 BIMCO: only international action will stop increase in piracy