New Rail Baltica CFO Appointed / Article


Rail Baltica’s major infrastructure project has announced that it has a new board member and chief financial officer (CFO). On September 1, Estonian Veiko Haavapuu joined the Rail Baltica RB Rail AS joint venture as the new CFO.

“Veiko Haavapuu is a seasoned financial expert with extensive experience and over 20 years of professional experience in audit, telecommunications, retail and transportation companies. His most recent experience includes CFO roles. Group / CFO at Tallink Grupp AS, Director of the Financial Center of Circle K Europe and previously Director of Finance and Control, and Board Member of Circle K Europe Treasury in Estonia and Circle K Estonia, respectively ”, said RB Rail.

“The global Rail Baltica project has matured and entered the next phase, as the current objective of the project is to start large-scale construction works, some of which have already started in the three Baltic States. Together with the team, we will focus on securing additional funding for the Rail Baltica project, prepare a cost-benefit analysis and next-generation business plan, and ensure the transparent and efficient use of available funds. I am happy and excited to join RB Rail AS in this role and look forward to meeting all the stakeholders I will be working closely with on this megaproject, ”said Haavapuu upon his appointment.

RB Rail AS is a multinational joint venture of the Republics of Estonia, Latvia and Lithuania, which was established to implement the € 5.8 billion Rail Baltica project – the first pan-Baltic infrastructure project in this guy. RB Rail is the central coordinator of the Rail Baltica project.

Previously appointed CFO Priit Treial was due to take office earlier this year, but withdrew his candidacy.

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