Nordecon AS's Latest Road Construction Venture
In a bid to enhance roadway infrastructure, AS Nordecon group company Tariston AS has partnered with the Estonian Transport Administration. This collaboration aims to upgrade the Päädeva–Orgita road section and the Haimre traffic junction along National Road 4, also recognized as the Tallinn–Pärnu–Ikla highway. This upgrade will transform the two segments into a modern 2+2 lane road, significantly improving traffic flow and safety.
Project Details and Features
The construction contract encompasses crucial enhancements along kilometres 62.2–64.8 and 68.2–70.2 of the highway. Among the notable features of this project are the Orgita and Haimre viaducts, a pedestrian tunnel, and several wildlife crossings along with a livestock tunnel. These features are set to ensure safe transit for both vehicles and pedestrians while accommodating local wildlife.
Investment and Economic Impact
This ambitious project comes with a contract value of 27.78 million euros, exclusive of value-added tax. The financial commitment reflects Nordecon AS's ongoing dedication to developing quality infrastructure that supports regional growth. Scheduled for completion in September 2027, the project is expected to create job opportunities and foster economic activity in the surrounding communities.
About Nordecon Group
Nordecon Group is a leading entity in the construction industry, specializing in project management and general contracting, particularly in the building and infrastructure sectors. Based in Estonia, with operational footprints extending to Ukraine and Sweden, Nordecon has established itself as a robust player in the market. In recent financial reports, it was notable that the group's consolidated revenue for 2024 reached an impressive 224 million euros. The team consists of approximately 425 dedicated professionals working towards delivering quality projects. Since 2006, Nordecon's shares have been traded on the main list of the Nasdaq Tallinn Stock Exchange, under the ticker Tallinn:NCN1T, evidencing their stable market presence.
Contact Information
For inquiries regarding the construction project or investor relations, Andri Hõbemägi, Head of Investor Relations at Nordecon AS, is available for contact. Reach out via phone at +372 6272 022 or email at andri.hobemagi@nordecon.com.
Frequently Asked Questions
What is the scope of the Nordecon AS road construction project?
The project includes upgrading specific road sections and constructing viaducts, tunnels, and crossings to enhance traffic safety and flow.
When is the completion date for the project?
The works are scheduled to be completed in September 2027.
What is the financial investment associated with this project?
The total cost of the contract is 27.78 million euros, exclusive of VAT.
Where does Nordecon operate?
Nordecon operates primarily in Estonia but has also expanded its operations into Ukraine and Sweden.
How has Nordecon performed financially?
The group reported a consolidated revenue of 224 million euros in 2024, underlining its strong market presence.
