Lithuania wants EUR 165 million in EU support for Rail Baltica project

RailBalticaLithuania will individually apply to the European Commission (EC) for approximately EUR 165 million in support for Rail Baltica. In addition, it will ask for further EUR 20 to 30 million through RB Rail, the joint venture established by the three Baltic countries for this project, transport minister, Rimantas Sinkevičius, said, DELFI reports.
According to Rimantas Sinkevičius, Latvia would take more in VAT receipts if Lithuania applied for full support through the joint venture headquartered in Riga.
“I don’t see any reasons to worry. If all money went through the joint venture, it would benefit Latvia since the company is established in Riga and VAT in that case would be collected by Latvia. On the other hand, we think that the bulk of works will be carried out through Lietuvos Geležinkeliai [Lithuanian Railways] and VAT should be collected by our country,” the minister said.

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