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The two northernmost Baltic states have come to an agreement over the creation of a joint company to oversee the Rail Baltic project, and it is hoped Lithuania will join by the end of July.
The agreement came at the Baltic Development Forum held in Riga and Jurmala last week.
Estonian PM Andrus Ansip said that goods sold in Estonia are more expensive than those sold in Berlin due partly to bad railway connections, and the same applies to Estonian goods sold in Western Europe, ETV reported on Thursday.
Under the deal, the three countries will set up a joint venture by the end of July, which will cost 5.3 million euros from each party.
Baltic Course reported today that Lithuania is a willing partner, having already invested over 100 million euros in an EU standard rail line from Kaunas to the Polish border.
Poland and Finland have expressed a wish to take part in the Rail Baltic project, but according to Ansip, they will not joint the company.
The estimated cost of the entire project is 3.86 billion euros, most of which would be funded by the European Union, said the Baltic Course.
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