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Finland decided to officially join the Rail Baltica joint venture

01.02.2019

On Friday, the Finnish government decided to set up a separate company, Oy Suomen Rata AB, to develop the railway industry in its entirety. According to Kadri Simson, the Estonian Minister of Economic Affairs and Infrastructure, RB Rail AS, a joint venture in Rail Baltica, will become one of the areas of activity.

“Last November, I proposed to my Finnish colleague Anne Berner that Finland should join the Rail Baltic joint venture. Already at the time, the Minister expressed her willingness to take such a step, and I am pleased to note that this readiness is now formulated as the official position of the Finnish Government, and Finland will become the official participant of the Rail Baltic joint venture, ”said Kadri Simson, the Estonian Minister of Economic Affairs and Infrastructure.

According to the decision of the Finnish government on Friday, Oy Suomen Rata AB (working name), which has five subsidiaries with different business lines, will be set up for the complete development of the railway sector and Finland will become a shareholder of the joint venture RB Rail AS.

The Finnish government estimates that Rail Baltica will be a new channel for the main markets of Finnish transit. In addition, the participation in the establishment of Rail Baltica, according to the Finnish government, contributes to the development of the rail core network from Helsinki to the north.

The Transport Ministers of the three Baltic States submitted an official invitation to Finland to join the Rail Baltica joint venture at the end of last year.

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