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Cobalt Advises ERB Rail JV on EUR 3.7 Billion Contract for Construction of Rail Baltica Mainline in Latvia

Cobalt Advises ERB Rail JV on EUR 3.7 Billion Contract for Construction of Rail Baltica Mainline in Latvia

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Cobalt has advised the ERB Rail JV consortium – formed by France's Eiffage Genie Civil, Poland's Budimex, and Italy's Rizzani de Eccher – on the public procurement process and the EUR 3.7 billion contract for the construction of the Rail Baltica mainline in Latvia with SIA Eiropas Dzelzcela Linijas.

The construction works for the Rail Baltica mainline will involve railway substructures, embankments, road crossings, and railway superstructures, including track and other related infrastructure, over approximately 230 kilometers, Cobalt reported. The value of the FIDIC framework contract awarded in the public procurement procedure is EUR 3.7 billion.

Eiffage is a European civil engineering and public construction company with more than 30 years of experience in large-scale infrastructure projects, including the implementation of the Eurotunnel and the Montpellier-Perpignan high-speed rail lines.

Budimex is a construction group operating in Poland and providing services in the infrastructure sector.

Rizzani is an Italian general contractor, active in the areas of engineering, infrastructure, and building construction.

The Cobalt team included Managing Partner Dace Silava-Tomsone, Partners Gatis Flinters, Sandija Novicka, Toms Sulmanis, and Ugis Zeltins, Specialist Counsel Sergejs Rudans, Senior Associate Marija Berdova, Associates Arturs Valdersteins, Krista Helmute, Toms Dreika, and Gabriela Santare, and Junior Associate Jurijs Georgs Rusakovs.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.