Nordecon Enters Construction Phase for Rail Baltica Project
Nordecon Expands Operations with Rail Baltica Contract
AS Nordecon's group company, Tariston AS, has successfully signed a significant construction contract with OÜ Rail Baltic Estonia. This partnership focuses on the initial phase of railway infrastructure development on the Rail Baltica main route, specifically in the Selja-Tootsi section. This exciting project will entail constructing a substantial railway embankment covering 14.5 kilometers and building six crucial structures: three ecoducts, two viaducts, and a pedestrian and bicycle tunnel.
Scope of Work and Investment Details
The ambitious scope of this construction initiative involves extensive earthworks, with an estimated total volume of around 2.5 million cubic meters. This project represents a considerable investment of 62.3 million euros, plus VAT, underscoring the importance of this development for local infrastructure. The completion deadline for this work is set for the end of 2028.
Nordecon’s Strong Presence and Future Growth
Nordecon, a well-established group of construction companies, specializes in construction project management and general contracting within the buildings and infrastructure segments. Their operations span across multiple countries, including Estonia and Ukraine, with ongoing projects that strengthen their business portfolio. The group’s parent company, Nordecon AS, is headquartered in Tallinn, Estonia, with shares traded on the main list of the Nasdaq Tallinn Stock Exchange since May 2006.
Revenue and Workforce Overview
In a recent report, it was highlighted that Nordecon Group achieved an impressive unaudited consolidated revenue of 224 million euros in 2024, showcasing the company's robust financial performance. With a dedicated workforce of approximately 435 employees, Nordecon is well-positioned to tackle projects of varying scales and complexities, continually contributing to infrastructural development.
Contact Information
For further inquiries about this significant project or investor relations, please contact Andri Hõbemägi, Head of Investor Relations at Nordecon AS. He is available at +372 6272 022 or via email at andri.hobemagi@nordecon.com.
Conclusion
The signing of this construction contract for the Rail Baltica project is a testament to Nordecon's commitment to enhancing transportation infrastructure. As the project progresses, it is expected to not only improve connectivity but also stimulate local economies through job creation and increased business opportunities.
Frequently Asked Questions
What is the Rail Baltica project?
The Rail Baltica project is a major infrastructure initiative aimed at constructing a high-speed railway link connecting the Baltic States with Poland and the rest of Europe.
Who is responsible for the construction?
The construction is being undertaken by AS Nordecon's group company, Tariston AS, in partnership with OÜ Rail Baltic Estonia.
What does the project entail?
The project includes building a 14.5-kilometer railway embankment, three ecoducts, two viaducts, and a pedestrian and bicycle tunnel.
When is the project expected to be completed?
The construction work is scheduled to be completed by the end of 2028.
How much is the contract worth?
The total cost of the construction contract is 62.3 million euros, plus VAT.
About The Author
Contact Thomas Cooper privately here. Or send an email with ATTN: Thomas Cooper as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
