The 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 announcement of the procurement of the test project. The test project will include works of four lanning a 21-kilometer section of the Tallinn-Parnu road between Libatse and Are. The project was chosen in December 2019 to be procured on PPP mode.
Currently, the preliminary design and environmental impact assessment for the road project is underway. The government is expecting to complete the land purchases by 2022. If the government will decide to move ahead with PPP procurement, the project will be implemented on a design-build-finance-maintain contract.
Country updates
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May 05, 2020
Baltic rail megaproject seeks a pool of consultants
Tri-lateral contracting authority RB Rail AS based in Latvia has announced an open competition to provide expert services for the Rail Baltica Global Project.
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February 06, 2020
Edmond de Rothschild Asset Management's Bridge fund invests in Parkdema
Parkdema, 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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January 28, 2020
Fortum closes sale of energy district assets in Finland
Fortum has completed the sale of its district heating business in Joensuu, Finland to Savon Voima Oyj. The deal covers a 60% stake in the Finnish district heating and cooling business...
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July 29, 2019
Chinese companies to build subsea tunnel in the Baltic Sea
A Chinese-funded Finnish company FinEst Bay Area Development, working on a Tallinn-Helsinki undersea tunnel project has announced it will work with three Chinese companies on the final design and buil...
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November 08, 2018
BaltCap Infrastructure Fund acquires biomass-fired power plant in Latvia
BaltCap Infrastructure Fund (BInF) has announced that it has acquired 70% of shares in a biomass-fired combined heat and power plant located in the Riga region of Latvia, from Latvian company AS...
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