Posts tagged as European Court of Auditors (ECA)

Rail Baltica may be a burden on taxpayers, EU auditors warn

Wednesday, June 17, 2020

The cost of the high-speed railway link Rail Baltica will run significantly over budget and its economic viability is in doubt, according to the European Court of Auditors (ECA). The EU watchdog  inspected eight multi-billion-euro transport projects, including the railway link connecting Lithuania, Latvia and Estonia due to be completed by 2026. However, the construction may drag on until 2030, ECA member Mikhail Kozlov told reporters on Tuesday. The report also…