State owned Port of Tallinn has started preparations for building a new container terminal.
“The first phase will cost EEK 861 million and include development of 27 hectares of terminal area, 385 metres of new quays and extending an existing quay by 100 metres,” Ain Kaljurand, CEO of Port of Tallinn, told Äripäev.
The project is scheduled to be completed by the autumn 2010 and the container terminal should open for business in May 2011.
Kaljurand said that although in principle Port of Tallinn could build 80 hectares of terminal area and 2 kilometres of new quays in Muuga, it prefers to progress in stages.
“We are keeping an eye on the market and minimize risks. It is too early to say whether we need such maximum volumes. Much will depend on the decisions of our Chinese partner,” said Kaljurand, adding that the Port will develop blueprints for the whole area.
In the second phase Port of Tallinn plans to develop 17 hectares of terminal area and 400 metres of new quays as well as to modernize the railway line that leads to the terminal.
Port of Tallinn has announced an ambitious target to become the largest container port in the Baltic Sea and handle about 1.3 million TEUs or standard containers in 2015.
Chinese officials who signed a cooperation agreement with Port of Tallinn say that they like Muuga Port since it is easily accessible, it is icefree throughout the year, Port of Tallinn is a state owned enterprise and Muuga has good road and railway access.
Kaljurand says that the new terminal could create 3,000 new jobs and create millions in tax revenues.
“The first phase will cost EEK 861 million and include development of 27 hectares of terminal area, 385 metres of new quays and extending an existing quay by 100 metres,” Ain Kaljurand, CEO of Port of Tallinn, told Äripäev.
The project is scheduled to be completed by the autumn 2010 and the container terminal should open for business in May 2011.
Kaljurand said that although in principle Port of Tallinn could build 80 hectares of terminal area and 2 kilometres of new quays in Muuga, it prefers to progress in stages.
“We are keeping an eye on the market and minimize risks. It is too early to say whether we need such maximum volumes. Much will depend on the decisions of our Chinese partner,” said Kaljurand, adding that the Port will develop blueprints for the whole area.
In the second phase Port of Tallinn plans to develop 17 hectares of terminal area and 400 metres of new quays as well as to modernize the railway line that leads to the terminal.
Port of Tallinn has announced an ambitious target to become the largest container port in the Baltic Sea and handle about 1.3 million TEUs or standard containers in 2015.
Chinese officials who signed a cooperation agreement with Port of Tallinn say that they like Muuga Port since it is easily accessible, it is icefree throughout the year, Port of Tallinn is a state owned enterprise and Muuga has good road and railway access.
Kaljurand says that the new terminal could create 3,000 new jobs and create millions in tax revenues.