Latvia could ‘effectively withdraw’ from Rail Baltica as money remains a problem

Latvia cannot seem to rid itself of funding problems for Rail Baltica. The issue has reached a new breaking point: If Riga cannot find an additional 9 million euros by Thursday, “Latvia is effectively withdrawing from the Rail Baltica project and is also halting the implementation of the project in Estonia and Lithuania”, says the transport ministry.

Even if the 9 million euros in question pale in comparison with the total projected cost of 4,5 billion euros in Latvia, the relatively small sum may prove to be a significant obstacle for the railway’s construction.

The joint venture responsible for implementing the project, RB Rail, will stop any…