Estonia: European support for Estonian railway upgrade
Retrieved on:
Wednesday, June 3, 2020
The European Investment Bank (EIB) has signed a EUR 95 million, 25-year tenor, loan agreement with the Estonian national railway company Eesti Raudtee.
Key Points:
- The European Investment Bank (EIB) has signed a EUR 95 million, 25-year tenor, loan agreement with the Estonian national railway company Eesti Raudtee.
- The upgrade to the Estonian railway network signed today, as well as realising the Rail Baltica, will deliver travellers a modern, safe and green alternative to the car.
- Estonian Railways plays an important part here and continues to be a close and much appreciatedpartner for the European Commission.
- Estonian Railways Ltd is a state-owned company operating since 1870 and it is responsible for railway administration related tasks.