But urban development plans directly depend on the budget of one or other local governments.
According to official information, costs from the core budget of Riga Municipality in 2016 will make up 810.18 M euro.
The second budget wallet belongs to Tallinn – 570.4 M euro.
As far as the most southern capital is concerned then the costs of Vilnius Municipality in 2016 turned to be the most modest in the Baltic States – 417.2 M euro.
However, in conversion to one resident of the capital the picture is changing.
The richest residents of the capital live in Tallinn — this year the city budget will spend 1 290 euro per each resident of Tallinn.
The residents of Riga are not far behind. Here the budget is made up assuming 1 266 euro per a resident of the capital.
But nobody would envy the residents of Vilnius — just 773 euro.
Stretch your legs according to your coverlet. Urban experiments in a Dubai style for the largest cities of the Baltic States are beyond their means. Neither reconstruction in all directions at once. Therefore, you have to choose strategic priorities and implement them as soon as financing is available.
Riga has identified a new terminal as one of the most important for the city development projects, which ought to appear within the framework of construction of a railway Rail Baltica. There is got to solve a challenging task: by preserving values of the centre of Riga as the site included in the UNESCO World Heritage List, to reconstruct and expand the central terminal, transform the embankment, create тa multimodal hub of public transport and build a new bridge across the Daugava.
In Tallinn the accent is put on the return of life to the city centre to stop migration of population to the outskirts and suburbs. The target is to alleviate the centre from public transport, thereby becoming more accessible for the pedestrians and cyclists.
Furthermore, the construction of a Rail Baltica terminal will become a large, significant project. And on the seashore, where earlier there was a spacious industrial area, Tallinn is planning to start the development of a new district with areas for recreation and sports, pedestrian promenade, creative quarter and similar sites.
Vilnius tries to compensate its lean purse with thick folders with grand plans. How in Lithuania things are with grand plans one can trace to the ‘construction’ of the Visaginas NPP. Nevertheless, in the Lithuanian capital they have already planned investments by 2020 in the amount of half a billion euro.
Here they want to develop former industrial areas of at least 500 ha in area, including 120 ha in the centre of the city. It is planned to erect a new district of skyscrapers in the centre, a multifunctional district Architecture Park, and also to continue renovation of the Soviet heritage – block buildings.
