Due to continuously increasing demand on the Virtsu-Kuivastu ferry line, the
Minister of Economic Affairs and Communications authorized the Estonian Road
Administration to negotiate with OÜ TS Laevad, a subsidiary of AS Tallinna
Sadam, to acquire an additional new-built ferry for servicing the Virtsu-
Kuivastu line.
According to the ferry services agreement with the Estonian Road Administration
signed on 11.12.2014, TS Laevad provides ferry services on the Rohuküla-
Heltermaa and Virtsu-Kuivastu ferry lines until 30.09.2026. TS Laevad also has
the necessary competence in the specialities of operating ferry lines and up-to-
date experience in acquiring new ferries.
Subject to the results of further analyses and negotiations, the Ministry of
Economic Affairs and Communications has set the goal for the Road Administration
to conclude an agreement with TS Laevad by 31.03.2020 on the terms and
conditions for acquiring and operating the new vessel. More detailed impact on
the economic activities of Tallinna Sadam Group can be assessed after the
agreement with the Estonian Road Administration has been signed and the cost of
the vessel has become clear.
Additional information:
Marju Zirel
Head of Investor Relations
AS Tallinna Sadam
m.zirel@ts.ee (mailto:m.zirel@ts.ee)
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