According to The Next Web, the project, which is destined for countries in the Baltic region, is the largest in the past 100 years and it is also one of the biggest investments on the continent in this regard.
The railway project will include five countries in the EU, Poland, Finland, Latvia, Lithuania and Estonia and it will connect the cities of Helsinki, Tallinn, Pärnu, Riga, Panevežys, Kaunas, Vilnius, and Warsaw.
The initiative offers more opportunities than just a new railway system, such as digitalization and economic growth in the region.
The construction period is expected to last around 10 years and when finished, the project will have cumulated around 870 kilometers of rail lines, seven passenger stations and three freight stations.
The new initiative is also expected to be a sustainable one, as the trains are only going to be electric, with top speed limits of 249 kilometers per hour for passenger ones and 120 km/h for freight models.
Railway stations are expected to be connected with other mobility services, such as electric scooters and bicycles and even ride sharing services, although the location of these international stations could pose a bit of a challenge.
The total cost of the project is rated at around 5.8 billion euros. with the EU funding 85% of the amount and the rest will be covered by the Latvian, Lithuanian and Estonian governments.
Despite the high cost and the potential challenges of this project, its importance can't be undermined as it will have great benefits for the economies of these countries, but also for their neighbors and other regions.