Tallinn and Helsinki Ports receive EU funding worth 15,4 million euros
July 17 2024 - 5:15AM
UK Regulatory
Tallinn and Helsinki Ports receive EU funding worth 15,4 million
euros
The TWIN-PORT VI project has received a funding
decision from the EU. The four-year project is a continuation of
the long-term cooperation between ports of Tallinn and Helsinki,
aiming to reduce transport system emissions and to improve
conditions for passenger and freight transport operations.
AS Tallinna Sadam (hereinafter: Tallinna Sadam)
focuses on environmental impacts in the project and plans to build
on-shore power systems in Muuga Harbour so that ro-ro and container
vessels can use electricity from the shore power grid. The Port of
Helsinki aims to develop the Vuosaari Harbour. The total cost of
the project covering two harbours is 30.8 million euros, half of
which is financed by the European Union. Budget of Tallinna Sadam
for the entire project is 20.3 million euros, and about 10.5
million euros is estimated by Helsinki Port. If the supervisory
board of AS Tallinna Sadam approves the investment, planning and
execution of the works will begin as soon as possible.
Tallinna Sadam is one of the largest cargo- and passenger
port complexes in the Baltic Sea region. In addition to passenger
and freight services, Tallinna Sadam group also operates in
shipping business via its subsidiaries – OÜ TS Laevad provides
ferry services between the Estonian mainland and the largest
islands, and OÜ TS Shipping charters its multifunctional vessel
Botnica for icebreaking and offshore services in Estonia and
projects abroad. Tallinna Sadam group is also a shareholder of an
associate AS Green Marine, which provides waste management
services.
Additional information:
Angelika Annus
Head of Investor Relations
Tel. +372 5649 6230
E-mail: angelika.annus@ts.ee