Merko Ehitus Secures Major Construction Contract
AS Merko Ehitus Eesti, a leading construction firm, has recently signed a significant design and construction agreement with OÜ Rail Baltic Estonia. This contract focuses on the development of the fourth phase of the Rail Baltica Harjumaa main line railway infrastructure. The project will take place along the Saku-Harjumaa border section, representing a crucial advancement in the region’s transportation system.
Project Overview
The awarded contract encompasses the construction of approximately 10.5 kilometers of railway embankment, along with vital facilities such as noise barriers, maintenance roads, and access paths. AS Merko Ehitus Eesti is the primary partner in this project, holding a 51% stake, while GRK Eesti AS holds the remaining 49%.
Contract Value and Timeline
This contract is valued at around EUR 59.9 million, excluding value-added tax. The construction phase is anticipated to last for 48 months, highlighting a significant investment in improving regional rail infrastructure. This initiative is expected to enhance transportation efficiency and potentially stimulate the local economy through better connectivity.
About Merko Ehitus
AS Merko Ehitus Eesti is a well-established name in the Estonian construction industry, recognized for delivering high-quality construction services across various sectors. Their expertise includes general construction, civil engineering, and residential projects. The company is dedicated to developing resilient infrastructure and improving the built environment in Estonia and its neighboring countries.
Company Overview and Workforce
Merko Ehitus operates as a part of the larger AS Merko Ehitus group, which is involved in building construction and infrastructure development, as well as real estate projects. The company strives to create better living conditions and shape the future for the communities it serves. By the end of 2023, the group is expected to employ around 635 individuals, with an estimated revenue of EUR 466 million.
Contact Details
For any inquiries regarding the project, interested individuals can reach out to Mr. Arvo Keller, Director of the Civil Engineering Division, at +372 680 5105. Additional questions 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.
