"The money transferred by our company will ensure RB Rail's stable solvency until project partners are ready for long-term financing of the company," Karolis Sankovski, the CEO of Lietuvos Gelezinkeliu Infrastruktura (Lithuanian Railways Infrastructure), said in a press release.
Money from Rail Baltica's Latvian and Estonian partners should reach the joint venture shortly, too, he added.
Lithuania's contribution is provided for under a Rail Baltica management services contract, worth 2.1 million euros, signed in late March. The Lithuanian company is to pay the remaining amount by late July.
Lithuania will also loan RB Rail 1.7 million euros by late May. The joint venture will later repay the money from EU support funds.
Founded in 2014, RB Rail has until now been funded through equal annual authorized share capital contributions by the three Baltic countries, with 3.9 million euros provided by each of them by 2020.
