Rail Baltic Global Forum takes place in Latvia

A two-day Rail Baltica Global Forum took place in March in Riga to focus on the project and discuss the business opportunities it will open up for businesses and individuals. The milestone international two-day event of the Rail Baltica project in 2017 explored Rail Baltica economic potential, procurement regulation and organization, as well as facilitation of suppliers' networking. The conference brought together top executives and decision makers, rail, logistics and economics professionals, influential politicians and institutions as well as potential suppliers for the project from across Europe.

The first day of the Forum was dedicated to Rail Baltica as emerging economic corridor in North East of Europe and focused on the potential of the Rail Baltica infrastructure to act as a catalyst of the economic development in the region. The second day of the forum was “Industry Supplier’s Day’’ and served as a major suppliers’ event for the project to introduce the interested national and international suppliers to this year’s tenders as well as to procurement policy, procedures, supplier’s codes of conduct adn qualification criteria.

Rail Baltica is a rail transport project with a goal to integrate the Baltic States in the European rail network. The project includes four European Union countries – Poland, Lithuania, Latvia, Estonia. The project also indirectly includes Finland as the connection Tallinn-Helsinki will connect the project with Finland. The project will provide more efficient means of mobility, both for passengers as well as cargo. As a result of the Rail Baltica, opportunities for a new cargo way (Nordic – Southern) as well as the development of logistics services are expected. The tourism, regions and new jobs will be created. According to estimates, at least 1.5 billion euros will flow into the economy of Latvia.

Participating at the Rail Baltica Global Forum were the Prime Minister of the Republic of Latvia Māris Kučinskis, Lithuanian Minister of Transport and Communications Rokas Masiulis, the Minister of Economics and Communications of the Republic of Estonia Kadri Simson, the Minister of Transportation of the Republic of Latvia Uldis Augulis and the Undersecretary of State in the Ministry of Infrastructure and Construction of the Republic of Poland Andrzej Bittel.

The Forum was organised by RB Rail, a joint venture of three Baltic States, and supported by the project’s national implementing bodies in the three countries – Rail Baltic Estonia OÜ, SIA Eiropas Dzelzceļa līnijas and UAB Rail Baltica Statyba. Rail Baltica is expected to form a new economic corridor, which would closely connect the North East of the Europe with the rest of the Eurpean Union.

Source: Rail Baltica, The Baltic Course