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Latvian executive takes helm of Rail Baltica project

Xinhua, October 28, 2015 Adjust font size:

Baiba Rubesa, an experienced and reputed business executive from Latvia, is taking the helm of Rail Baltica II European standard-gauge railway project this week, local media reported Tuesday.

Rubesa has been appointed CEO of RB Rail, a joint venture established by Latvia, Lithuania and Estonia for managing the Rail Baltica II project.

She is due to take office as RB Rail CEO on Oct. 29 under a three-year contract.

Rubesa's "multi-year experience in project management, as well as her professional prowess and excellent communication skills will be a strong foundation for success in the new office as well, raising the RB project to the next quality level," said RB Rail board chairman Anti Moppel.

Rubesa's previous executive positions include CEO of Latvia Statoil and director for government and public affairs and HSE at Statoil Azerbaijan, among others. She has also served as a board member of Citadele Bank, DnB NORD Banka.

The Rail Baltica II project is intended to link Finland, the Baltic states and Poland and also improve the connection between Central and Northern Europe and Germany.

The project is expected to facilitate regional integration by means of a railway link from Helsinki that would connect Tallinn, Riga, Kaunas, Warsaw and Berlin and might potentially be extended to Venice. Some 85 percent of the project's costs will be financed from EU funds.

The Rail Baltica II line will be about 360 km long in Lithuania, and 300 km long in Latvia and Estonia. Endit