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International Internet Magazine. Baltic States news & analytics Tuesday, 20.08.2019, 23:49

Estonian builder Bauest to reconstruct Skulte terminal in Latvia for 2.7 mln euros

BC, Tallinn, 13.11.2018.Print version
Estonian construction company Bauest OU is to build a warehouse and reconstruct 230 meters of berth for 2.7 mln euros in Skulte terminal, Latvia, informs LETA/BNS.

In order to finance the construction, Skulte terminal took a long-term loan from SEB. The Latvian Ministry of Agriculture will support the project with the help of European Union funds.

Skulte terminal is the largest Latvian small-craft harbor in terms of inventory turnover, which totaled 807,200 tons in the first ten months of 2018, exceeding that of the same period in 2017 by 11.1%.

Toomas Toompuu, chairman of the board of Bauest OU, told that in Estonia, works are ongoing in Munalaid harbor, where 28 new berths will be added. Construction in Narva-Joesuu harbor is also being concluded.

Next year, Bauest will start or continue the construction, expansion and reconstruction works in Skulte terminal and Naissare, Alliklepa and Triigi harbors.


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