Core Points - VINCI, through its subsidiary Cobra IS, has been awarded the electrification contract for the Rail Baltica project, valued at €885 million, covering 870 km of rail across Estonia, Lithuania, and Latvia [1][5] - The project is the largest rail electrification initiative currently in Europe, aimed at connecting the Baltic railway system to the broader European network [2][5] - The first phase of the project, worth €950 million, is set to commence on October 1 and is expected to be completed by 2030 [1][5] - The project will utilize Static Frequency Converter (SFC) technology, powered by 10 substations, enhancing the reliability, efficiency, and environmental sustainability of the rail network [3] Company Overview - VINCI is a global leader in concessions, energy solutions, and construction, employing 285,000 people across more than 120 countries [3] - The company focuses on designing, financing, building, and operating infrastructure that improves daily life and mobility, while also committing to environmentally and socially responsible practices [3] - VINCI aims to create long-term value for its customers, shareholders, employees, partners, and society as a whole [3]