News

„Rail Baltica“: the possibilities and the potential of Panevėžys

2021 04 23


Today the representatives of the institutions coordinating and executing the "Rail Baltica" project have discussed the project's progress and plans in Panevėžys remotely. It has been discussed with the representatives of the Panevėžys region, the member of business and community what use will "Rail Baltica" bring to the region's inhabitants and business, expectations and needs have been voiced.

"Rail Baltica“ is undoubtedly the project of particular relevance to the state, which will bring a positive long-term impact on the investment environment of Panevėžys and its region, tourism sector, business companies and even living conditions. At the same time, it is an immensely important part of the whole region strategic direction of Industry 4.0. The "Rail Baltica" international station that is planned to build next to the Panevėžys city will allow an expeditious connection with the Northern and the Southern countries. It is a very important factor in order to attract the investment capital – we have big ambitions to develop the free economic zone, which would mean significant growth in jobs supply and demand. This railway gauge will provide the city with the opportunity to attract qualified employees that are being expected by foreign capital companies and the biggest businesses of the city. So far the quick and convenient trip from one Lithuania's part to another does not seem very attractive only in terms of the job, but we are very positive and we are waiting for all new opportunities that the "Rail Baltica" mobility will provide", - says Tomas Jukna, the director of the Panevėžys city municipality administration.

While discussing with the representatives of the Panevėžys region, it has been pointed out that it's mandatory to continue the dialog and coordinated the following regarding the needs of the people who live here.

It is being pursued to integrate the Baltic states into the network of Europe's railway network with the help of "Rail Baltica". 870 km of the fast electric railway double track will be built in Lithuania, Latvia, and Estonia, where trains will reach the velocity of 249 kmh.

The project is expected to be finished by the end of 2026. The project construction value is expected to reach 5.8 billion EUR, and it is the biggest investment that is aimed to increase the mobility and traveling opportunities, develop business, tourism and the exchange of goods in the region.

The original article in Lithuanian JP.lt

https://jp.lt/rail-baltica-panevezio-galimybes-ir-potencialas/