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International Internet Magazine. Baltic States news & analytics Tuesday, 16.04.2024, 23:01

Estonian govt planning strategic investments worth EUR 315 mln

BC, Tallinn, 22.02.2017.Print version
Estonian Minister of Finance Sven Sester has proposed to the government to plan strategic investments that increase Estonia's competitive ability and defense ability in the amount of 315 mln euros in 2018-2020.

"The plan is to make additional investments in infrastructure and improve access to reasonably priced fast internet across Estonia. We also want, in cooperation with the City of Tallinn, to transform Linnahall into a respectable conference center and renew the local housing resources in cooperation with local governments. We will also launch an additional defense investment program," Sester told.


According to the plan a total of 135 mln euros will be invested in infrastructure in 2018-2020 and 60 mln euros in housing policy, while 40 mln euros would be invested in the renovation of Linnahall, 20 mln euros in broadband connections, and 60 mln euros in the defense investment program.


Strategic investments are investments or investment support deriving from the government's principles, which increase Estonia's economic growth and competitive ability and will result in socio-economic gains for the Estonian society.


According to the finance minister's plan the strategic investment project will be financed as of next year from the structural surplus of previous years.






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