“Rail Baltica in Economic Focus” Brings the Latest Insights about the Rail Baltica Project

Rail Baltica joint venture RB Rail AS is introducing a new digital newsletter “Rail Baltica in Economic Focus” to convey the latest insights about the Rail Baltica project, its macroeconomic impact, and the relevant trends in the industry. Rail Baltica in Economic Focus: No. 1, 2023.

The aim of “Rail Baltica in Economic Focus” is to inform and to engage Rail Baltica partners, suppliers, and followers so that they are well informed about the progress that is being made in the project, as well as the potential of the project for serving as an engine for economic growth in the region. It brings together key contributors such as Rail Baltica strategy experts, transport economy analysts, logistics specialists and other experts in the industry.

“This is a digital newsletter aimed at providing a comprehensive overview of the Rail Baltica project’s economic aspects and the relevant trends across related industries,” says Kristine Malnača, Head of Global Project Strategy and Economics Department at RB Rail AS. “Our goal is to shed light on the transformative potential of Rail Baltica as a catalyst for regional economic growth. We are delighted to offer the views of Rail Baltica experts about key topics in this edition of the newsletter.”

The first edition includes the following topics:

Positive spill-over e­ffects of Rail Baltica stations: A key to urban regeneration in Baltic capitals

Our experts take a closer look at positive spill-over effects which Rail Baltica passenger stations may have on urban regeneration in the capital cities of the Baltic States. Offering improved connectivity and accessibility, these stations are poised to become crucial hubs for attracting investment, fostering urban renewal and being a driving force for economic development.

The construction market in the Baltic States amidst Covid-19, supply chain disruptions, and geopolitical events

The construction market in the Baltic States has faced challenges due to the Covid-19 pandemic, supply chain disruptions, and the Russian invasion of Ukraine. These factors have resulted in increased construction costs in Estonia, Latvia, and Lithuania. While there have been positive trends in building costs in 2023, uncertainties remain. Balancing the supply and demand for materials, energy resources, and labour may help alleviate the pressures on construction costs, but it is too early to expect a return to pre-war price levels.

Fluctuations in the cost of materials and construction: Trends in the building market

The construction industry performs a pivotal role in the success of the Rail Baltica project. Our experts assess fluctuations in the price of materials and construction services, thus offering an insight into market trends which influence the project. Understanding these dynamics is key for stakeholders who are involved in planning, procurement, and execution so as to navigate the evolving construction landscape effectively.

Navigating freight logistics in 2023: key trends

Covid-19 pandemic had a profound impact on railway passenger and freight transportation in the Baltic region, leading to significant declines in 2020 and 2021. While there were signs of recovery in passenger traffic in 2022, it remained below pre-pandemic levels. The average length of passenger trips varied across the countries, with shorter distances in Latvia compared to Estonia and Lithuania. Freight transportation also suffered, with substantial drops in 2020 and ongoing challenges in subsequent years, particularly influenced by the Russian invasion of Ukraine in 2022. The rail industry in the Baltic States continues to face uncertainties and obstacles as it strives to rebound from the effects of the pandemic.

Trends, challenges, and opportunities for freight growth in 2023

Rail Baltica offers significant opportunities for freight and passenger transport alike. Our experts explore key trends, challenges, and industries for the industry, including those that lie ahead in 2023.

Rail Baltica in Economic Focus: No. 1, 2023.

To subscribe to future editions of the newsletter, please visit our website at www.railbaltica.org/newsletters.