Release date: 27 August 2008
Promoter – Financial Intermediary
AS Tallinna Sadam (Port of Tallinn)
Sadama 25, 15051 Tallinn
Location
Description
Expansion of the container terminal at Muuga Harbour, and construction of new quays for dry bulk cargo at Paldiski South Harbour
Objectives
The project will enable the port to handle growing volumes of cargo, either as transit from Russia or as Estonian import-export, providing necessary infrastructure to accommodate economic growth.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 40 million.
Total cost (Approximate amount)
The project cost is estimated at about EUR 80 million, out of which about EUR 55 m for the expansion of the Muuga container terminal and about EUR 25 m for the Paldiski South quays.
Environmental aspects
The two project components at Muuga Harbour and Paldiski South Harbour fall under Annex I of the EIA Directive and have been subject to full EIAs, with environmental authorisations granted on 2 June 2006 and 15 March 2007, respectively. EIAs, biodiversity assessment requirements and environmental monitoring plans will be checked during appraisal.
- Environmental Impact Study for the Muuga Harbour
- Environmental Impact Study for the Paldiski South Harbour
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation, with parallel publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 12/02/2009
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).