Merko Ehitus Secures Rail Baltica Construction Contract
Merko Ehitus Signs Major Construction Contract
AS Merko Ehitus Eesti, a prominent construction company, has recently entered into a significant design and construction contract with OÜ Rail Baltic Estonia. This contract pertains to the construction of the fourth stage of the Rail Baltica Harjumaa main line railway infrastructure. The project will be carried out along the Saku-Harjumaa border section, marking an essential development in the region’s transportation network.
Details of the Project
The awarded contract involves the construction of roughly 10.5 kilometers of railway embankment, complemented by essential facilities such as noise barriers, maintenance roads, and access pathways. As the lead partner in this venture, AS Merko Ehitus Eesti holds a majority stake of 51% compared to GRK Eesti AS's 49% share in the project.
Contract Value and Timeline
The total value of this contract amounts to approximately EUR 59.9 million, exclusive of value-added tax. The construction phase is expected to span a period of 48 months, signifying a substantial commitment to enhancing regional rail infrastructure. This project is set to improve transportation efficiency, potentially boosting the local economy through increased connectivity.
About Merko Ehitus
AS Merko Ehitus Eesti is a well-recognized entity within the Estonian construction sector, known for providing high-quality construction services across various fields. These include general construction, civil engineering, and residential constructions. The company focuses on developing robust infrastructure and enhancing the built environment in Estonia and neighboring countries.
Company Profile and Headcount
Merko Ehitus operates as part of a larger group, AS Merko Ehitus group, which is engaged in constructing buildings and infrastructure while also focusing on real estate development. The company aims to create a better living environment and construct the future for the communities it serves. By the close of 2023, the group employed approximately 635 individuals, with a reported revenue of EUR 466 million.
Contact Information
For further inquiries related to the project, interested parties may contact Mr. Arvo Keller, Director of the Civil Engineering Division, at +372 680 5105. Additional queries can be directed to Urmas Somelar, Head of Finance, at +372 650 1250 or via email at urmas.somelar@merko.ee.
Frequently Asked Questions
What is the purpose of the Rail Baltica project?
The Rail Baltica project aims to enhance rail connectivity across the Baltic states, fostering economic growth and improving transportation efficiency.
Who are the main contractors for this project?
The main contractors are AS Merko Ehitus Eesti and GRK Eesti AS, with Merko acting as the leading partner.
What is the estimated duration of the construction works?
The estimated duration for the construction works is approximately 48 months.
What is the value of the construction contract?
The construction contract is valued at approximately EUR 59.9 million, excluding value-added tax.
How many employees does AS Merko Ehitus group have?
As of the end of 2023, AS Merko Ehitus group employed around 635 people across its operations.
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