Estonia’s state-owned Rail Baltic Estonia has signed a contract for construction work on the first section of the new Rail Baltica main railway line with TREV-2 Grupp and AllSpark, ERR reports. The 4.8-kilometre section runs from Tallinn’s Ülemiste railway station to Rae municipality. Construction work will begin in spring 2024 and is due to be…
The Estonian government has transferred 12 state-owned enterprises under the management of the new Ministry of Environment, ERR reports. The companies were previously managed by the Ministry of Economic Affairs and Communications. The Ministry of Environment will manage Eesti Raudtee, Elering, Elron, Nordic Aviation Group (Nordica), Operail, Port of Tallinn, Rail Baltic Estonia, Saarte Liinid,…
Estonia’s state-owned company Rail Baltic Estonia, which was established to build the Rail Baltica railway, reported revenue of nearly EUR 39.6mn in 2022, which was up 84.3% from 2021, BNS reports. The company’s annual profit more than doubled from EUR 11.4mn to EUR 28.5mn. Rail Baltic Estonia made a profit of EUR 36mn from targeted…