The Government of Estonia has been advised by the Finance Committee that the road management 2020-2030 plan might take longer to be realized. The plan was floated before the coronavirus crisis and no significant investments have been made for road infrastructure in the country. To fulfill the infrastructure needs the government must float investments to fill the gap.
The four-lane Tartu and Pärnu highways can not be completed by 2030 according to the Finance Committee. To realize the operational conditions of the highway tenders must be floated as soon as possible. It will consume many years to be materialized. The preparation and planning process for highways will also consume four to five years.
European Court of Auditors report concluded approximately EUR 2.35 billion (US$ 2.65 billion) in cost overruns for the Rail Baltica project. Initially, the project was planned to have expenses of EUR...
Read moreProintec, the subsidiary of Indra, in consortium with German company OBERMEYER Planen + Beraten GmbH was awarded the design engineering and supervision of 93.5 kilometer railway section of Rail Baltic...
Read moreThe government of Estonia will discuss the first road project procured on public-private partnership (PPP) mode during Cabinet meeting in June. It will decide on the preparation and announce...
Read moreTri-lateral contracting authority RB Rail AS based in Latvia has announced an open competition to provide expert services for the Rail Baltica Global Project.
Read moreParkdema, a company owned by Lords LB Asset Management’s Energy and Infrastructure SME fund and Modus Group has received an investment of EUR 27 million (US$ 29.83 million) by Edmond de Rot...
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