With Credits of Euro 75 Million, Port of Tallinn Plans Upgrade
Published:
14 February 2004 y., Saturday
The Port of Tallinn (Tallinna Sadam) plans to upgrade its facilities this year with the help of three financial credits totaling euro 75 million, the port informed the Tallinn Stock Market on Thursday.
The port signed a contract for euro 15 million Thursday with Northern Countries Investment Bank (NIB) and was to sign a contract today with Eesti Uhispank for euro 25 million. The third credit, for euro 35 million, is expected from the Finnish bank, Nordea, under a contract to be arranged in March. The port will use the credits to increase production capacity.
Tallinna Sadam is one of Estonia's largest enterprises and one of its largest taxpayers.
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