Major Investments in Ports Infrastructure
Port of Helsinki and Port of Tallinn continue to work together closely to develop the Helsinki-Tallinn maritime link.
Last week the ports together with AS Tallink Grupp submitted applications for funding investments within the 2014 CEF Transport Multi-Annual Calls for Proposals.
The goal is to develop an improved and stream-lined port infrastructure and green line operation between Helsinki and Tallinn. The application is backed by both the Finnish and the Estonian Governments.
According to the Helsinki and Tallinn Twin-City -concept, the ports have logically called their project TWIN-PORT, which is also the name of the first cooperation project funded by the EU in the period 2012-2015.
The current application is a follow-up project and will serve the same goals. The ports are investing €100 million in port infrastructure in order to achieve additional capacity and improve the flow of the densely operated Helsinki – Tallinn line, which serves 8.2 million passengers and 3.1 million tons of cargo annually.
“The investments in our ports will greatly improve both ports’ capacity to serve the maritime link between Helsinki and Tallinn,” said Ain Kaljurand, CEO of Port of Tallinn.
The applications will now be evaluated and the EU Commission is expected to give notice in the summer this year.