Tallinn, Estonia, 2014-09-04 13:16 CEST (GLOBE NEWSWIRE) --
On 3 September 2014, a contract was signed by Tallinna Teede AS – the subsidiary of AS Merko Ehitus Eesti, part of AS Merko Ehitus group – and Estonian Road Administration for the reconstruction works of E20 main road Tallinn-Narva Kodasoo-Läsna sections.
Under the contract, Tallinna Teede AS carries out the reconstruction works of road No 1 (E20) Tallinn-Narva Kodasoo-Läsna sections (30.9 to 65.0 km) on the second direction (Narva-Tallinn). The works include strengthening existing base, reconstruction of the pavement and replacing existing traffic signs. Additionally, Kiiu and Kodasoo overpasses will be renovated and the milled-off asphalt left over from the road reconstruction works, will be used for reconstruction of local roads with gravel pavement.
The value of the contract without the client´s reserve is 5.7 million euros, plus value added tax. The works are scheduled to start in September 2014 and to complete in September 2015.
Tallinna Teede AS performs project management and provides workforce for all road maintenance countrywide, builds road structures and the associated infrastructure, performs maintenance repair, road surface dressing and provides road maintenance services. The company also produces different mixtures in its own asphalt plant. AS Merko Ehitus Eesti holds a 100% interest in Tallinna Teede AS.
Additional information: Tallinna Teede AS, Chairman of Management Board Mr. Jüri Läll, phone +372 606 1900.
Merit Kullasepp
Communication and Marketing Manager
AS Merko Ehitus
Phone: +372 650 1250
E-mail: merit.kullasepp@merko.ee
AS Merko Ehitus (group.merko.ee) comprises the leading Estonian construction company AS Merko Ehitus Eesti, the Latvian market based SIA Merks and the Lithuanian market based UAB Merko Statyba as well as the group’s real estate development business unit together with companies holding real estate properties. As at the end of 2013, the group employed 860 people and the 2013 revenue amounted to EUR 262.7 million.