The Estonian capital Tallinn, announced that Nordecon is the winner in the €19.8 million tender for reconstruction of the Haabersti road intersection.
As part of the reconstruction, two tunnels - 38m and 54m – will be built for cyclists and pedestrians.
Phase one of the project includes a 277m-long road bridge in the direction of Paldiski Road and phase two will construction of a roundabout with traffic lights.
The project is co-financed by the EU Cohesion Fund and completion is set for October 2018.
Last October Nordecon won a €13 million deal with the Estonian Road Administration for the construction of 9km of passing lanes on Tallinn-Pärnu-Ikla road, at the Ääsmäe-Kohatu section. It is one of the first roads Estonia which will have 2+1 passing lanes.
Nordecon, founded in 1989 and previously called Eesti Ehitus, is one of the largest construction groups in Estonia. It’s listed on the Tallinn Stock Exchange and employs around 700 people. The company has operations in Estonia, Ukraine, Finland and Sweden. Group revenue in 2015 was around €145.5 million.
In October, Nordecon announced it was consolidating its road maintenance subsidiaries Järva Teed and Hiiu Teed OÜ into one unit in an effort to gain greater market share and reduce overheads. The merged company is called Tariston operates road maintenance and construction, land improvement, road surfacing, mining, manufacturing of traffic management systems and rental of heavy equipment.
“In the coming years, the Estonian Road Administration will carry out a number of county-based maintenance procurements for national roads and successfully participating in these is one of the priorities of the Nordecon group,” said Jaano Vink, chief executive of Nordecon. “Tariston brings together the whole area of road maintenance…and this significantly increases our competitiveness.”
Meanwhile, Nordecon is looking for a new chief executive after Vink announced in early February that he will step down in July.
As part of the reconstruction, two tunnels - 38m and 54m – will be built for cyclists and pedestrians.
Phase one of the project includes a 277m-long road bridge in the direction of Paldiski Road and phase two will construction of a roundabout with traffic lights.
The project is co-financed by the EU Cohesion Fund and completion is set for October 2018.
Last October Nordecon won a €13 million deal with the Estonian Road Administration for the construction of 9km of passing lanes on Tallinn-Pärnu-Ikla road, at the Ääsmäe-Kohatu section. It is one of the first roads Estonia which will have 2+1 passing lanes.
Nordecon, founded in 1989 and previously called Eesti Ehitus, is one of the largest construction groups in Estonia. It’s listed on the Tallinn Stock Exchange and employs around 700 people. The company has operations in Estonia, Ukraine, Finland and Sweden. Group revenue in 2015 was around €145.5 million.
In October, Nordecon announced it was consolidating its road maintenance subsidiaries Järva Teed and Hiiu Teed OÜ into one unit in an effort to gain greater market share and reduce overheads. The merged company is called Tariston operates road maintenance and construction, land improvement, road surfacing, mining, manufacturing of traffic management systems and rental of heavy equipment.
“In the coming years, the Estonian Road Administration will carry out a number of county-based maintenance procurements for national roads and successfully participating in these is one of the priorities of the Nordecon group,” said Jaano Vink, chief executive of Nordecon. “Tariston brings together the whole area of road maintenance…and this significantly increases our competitiveness.”
Meanwhile, Nordecon is looking for a new chief executive after Vink announced in early February that he will step down in July.
