Government grants powers to form Rail Baltica’s Estonian holding company

The Estonian government gave the Economy and Infrastructure Minister Urve Palo powers to set up a Rail Baltica holding company in Estonia and acquire a 1/3 stake in the Rail Baltica international joint venture.
According to the Estonian, Latvian, Lithuanian joint venture foundation agreement, the founders of the project will make the first capital payments in the amount of EUR 650,000 per shareholder this year.

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