Tallinn Urban Environment and Public Works Department has informed that the
public procurement "Reconstruction of Vana-Kalamaja street" (reference number
245920) preferred bidder is announced to be Tallinna Teede AS, part of AS Merko
Ehitus group, with a value of 7.8 million euros, plus VAT.
The construction covers the reconstruction of a 1.2-kilometre section of Vana-
Kalamaja street, including renewal of the road surface and underground
communications. The section under construction starts at the Toompuiestee end of
Nunne street and ends at Suur-Patarei street, running mostly along Vana-Kalamaja
street. The construction project also includes the construction of the new
squares near Baltic Station and in front of the Gustav Adolf Gymnasium
elementary school.
The construction works completion deadline is summer 2023. We shall notify the
conclusion of the contract and the final terms thereof by a separate stock
exchange notice.
Tallinna Teede AS is a road construction company that performs road
construction, maintenance and repair works all over Estonia. The company has its
own asphalt plant and an accredited laboratory for testing road construction
materials.
Additional information: Jüri Läll, CEO of Tallinna Teede AS, tel: +372 606 1901.
Urmas Somelar
Head of Finance
AS Merko Ehitus
+372 650 1250
urmas.somelar@merko.ee (mailto:urmas.somelar@merko.ee)
AS Merko Ehitus (group.merko.ee (https://group.merko.ee/en/)) group companies
develop real estate and construct buildings and infrastructure. We create a
better living environment and build the future. We operate in Estonia, Latvia,
Lithuania and Norway. As at the end of 2021, the group employed 670 people, and
the group's revenue for 2021 was EUR 339 million.
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