( Photo: Postimees/Scanpix )
A representative of Latvia's Ministry of Transport said that, due to a lack of public co-financing, his country cannot fully participate in implementing Rail Balica, a project to create a rail line linking the Baltic states and Western Europe.
The head of the ministry's Department of Transit Policy Andris Maldups told the national daily Dienathat Latvia hasn't taken its share of project funding available from the European Commission's Trans-European Transport Network (TEN-T) authority because Latvia can't put up the required matching funds, Delfi reported.
"Latvia has not taken in this money for one reason. For every euro from the TEN-T budget we have to add three euros of taxpayer money. Are we ready to add 70 million euros to the 20 million from TEN-T? Will the project bring in enough revenue to pay for itself? Probably not," he said.
Maldups said that both Rail Baltica and the country's planned high-speed rail line to Moscow are important, but that in both cases the amount of funding in the budget has to be considered.
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