The Baltic Institute of Corporate Governance (BICG) has sent an open letter for the Baltic Prime Ministers, welcoming the agreement on the division of responsibilities in Rail Baltica project implementation reached by the representatives of Latvia, Estonia and Lithuania last week, and encouraging the Baltic governments to use this new momentum to ensure that the project continues according to the best practices and with no further delays.
A significant progress was made by agreeing on the Rail Baltica procurement model and on the strong central role of the Baltic joint venture RB Rail in designing, constructing and marketing Rail Baltica.
To now ensure that this agreement and the entire project are successfully implemented, BICG strongly encourages the three Baltic governments to adhere to the best internationally recognized corporate governance principles, as set out in the standards by the Organisation for Economic Co-operation and Development (OECD).
Please see the full letter and BICG expectations for Rail Baltica governance attached:
Open letter for the Baltic Prime Ministers (EN)
Corporate Governance Expectations for Rail Baltica project and joint venture RB Rail (EN)
Contacts:
Rytis Ambrazevičius
President
Baltic Institute of Corporate Governance
Phone: +370 698 17011
Email: rytis[at]bicg.eu
