Baltic states to carry out joint audit of Rail Baltica

Latvia, Lithuania and Estonia have signed a cooperation agreement on audit in the implementation and financing of the Rail Baltica project. Each of the three Baltic States will appoint the national auditors, Latvian Television reported on Monday.

In cooperation with the supreme audit institutions of Latvia, Estonia and Lithuania, an examination of the situation will be carried out regarding current significant issues of project implementation, financing, and transnational co-operation. After examining the situation, governments, parliaments, and the general public of all three Baltic States will be informed about the high-level risks for achieving the objectives.

“Our mandate is also to audit RB Rail, a joint venture founded by three States, and the three States can only audit together. We have decided to address three issues: budget, timeline, and how far countries have come in their cooperation on rail use,“ said Inese Kalvāne, a Member of the State Audit Office Board.

The audit could finish in the middle of next year.

The Rail project was originally expected to cost €5.8 bn, but stakeholders have repeatedly said they have risen significantly. Part of the costs will be covered by European Union funds. Rail Baltica is scheduled to be opened in successive phases between 2028 and 2030.

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