"The implementation cost of the first project phase, which aims to build an operational Rail Baltica line across the three Baltic states connecting to Poland by 2030, is estimated to reach 15.3 billion EUR," said a release from RB Rail, the joint venture responsible for the project, which originally had a price tag of 5.8 billion euros.

RB Rail was doing its best to stress that despite the massively inflated price, the project remains economically and financially viable, in a pre...