AS Tallinna Sadam signed a Memorandum of Understanding with the City of Tallinn
for development of the Old City Harbour area according to “Masterplan 2030”
AS Tallinna Sadam (hereafter “Tallinna Sadam”) and the Urban Planning
Department of the City of Tallinn signed a memorandum of understanding
(hereinafter “MoU”), declaring mutual interest of the parties in developing Old
City Harbour area into a modern, attractive and lively city center, with
high-quality public space. According to the MoU, Tallinna Sadam and the Urban
Planning Department of the City of Tallinn will make a joint effort to
implement the Old City Harbour development plan “Masterplan 2030”, which was
composed by architectural bureau Zaha Hadid Architects in 2017, considering the
principles of the Tallinn Seaside Vision.
The MoU provides that Tallinna Sadam and City of Tallinn will establish a joint
council, the task of which will be to advise Tallinna Sadam on spatial planning
and urban development in preparing the detailed plans of the Old City Harbour
area. The next step in implementing “Masterplan 2030” is arranging a public
procurement for engaging a partner to draft the detailed plans for the area and
apply for the initiation of proceedings for such detailed plans.
The comprehensive report of “Masterplan 2030” in English and its translation
into Estonian are available on the webpage of Tallinna Sadam, at:
http://www.portoftallinn.com/old-city-harbour-development-plans .
Tallinna Sadam is one of the largest cargo- and passenger port complexes in the
Baltic Sea region, which in 2017 serviced 10.6 million passengers and 19.2
million tons of cargo. In addition to passenger and freight services, Tallinna
Sadam group also operates in shipping business via its subsidiaries – OÜ TS
Laevad provides ferry services between the Estonian mainland and the largest
islands, and OÜ TS Shipping charters its multifunctional vessel “Botnica” for
icebreaking and construction services in Estonia and off-shore projects abroad.
Tallinna Sadam group is also a shareholder of a joint venture AS Green Marine,
which provides waste management services. Tallinna Sadam group's sales in 2017
totaled EUR 121.3 million, EBITDA EUR 66.5 million and net profit EUR 26.4
million.
Additional information:
Marju Zirel
AS Tallinna Sadam
Head of Investor Relations
m.zirel@ts.ee |