The present state and prospects for realization of Rail Baltica project

The article reviews performance of a major infrastructure project in the Eastern Baltics – namely, construction of the highspeed railway «Rail Baltica/Rail Baltica II» (Helsinki – Tallinn – Riga – Vilnius – Warsaw –Berlin), the longest tracks of which will lead through territories of the Baltic States. Latvia, Lithuania and Estonia consider the project strategically important in terms of elimination of infrastructural isolation of these countries from the rest of the European Union, which corresponds to an overall EU transport policy goal of creating a single European railway area. Although the prospects of economic payback of the Rail Baltica remain unclear, given high probability that the Project will be completed sooner or later, today both regional and external actors evaluate the potential cargo and passenger capabilities that may come with it.