Construction contract in Estonia (Rail Baltica Ülemiste passenger terminal)
On 21 May 2025, AS Merko Ehitus Eesti, part of the AS Merko Ehitus group, and OÜ Rail Baltic Estonia signed a construction contract for the Rail Baltica Ülemiste international passenger terminal in Tallinn.
The contract covers the design and construction works of the Ülemiste terminal building, which will be named 'Linda' and is designed by the internationally renowned architectural company Zaha Hadid Architects. The terminal building will be constructed across Suur-Sõjamäe street, the planned Rail Baltica railway, and the existing Estonian Railways infrastructure.
Advertisement
The section of the terminal building crossing the railway will be approximately 180 metres long and will rise about 20 metres above street level – the equivalent of a six-storey building. To access the train, three platforms with a total length of approximately 1,250 meters will be built next to the railway tracks, about half of which will be covered with a canopy. With a unique facade and roof solution in Estonia, the building will meet all European railway traffic standards and will be constructed without interrupting existing rail operations.
The contract value is approximately 85 million euros, plus VAT. The construction deadline is October 2028.
AS Merko Ehitus Eesti (merko.ee) is a recognised Estonian construction company, which offers construction services in general construction, civil engineering and residential construction.
Additional information: AS Merko Ehitus Eesti, member of the Management Board, Mr. Veljo Viitmann, phone: +372 680 5105.
Urmas Somelar
Head of Finance
AS Merko Ehitus
+372 650 1250
[email protected]
AS Merko Ehitus (group.merko.ee) group companies construct buildings and infrastructure and develop real estate. We create a better living environment and build the future. We operate in Estonia, Latvia, and Lithuania. As at the end of 2024, the group employed 605 people, and the group's revenue for 2024 was EUR 539 million.
Attachment
Visual: RB Ülemiste passenger terminal, Zaha Hadid Architects / Rail Baltic Estonia
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hill
20 minutes ago
- The Hill
Graham proposes carveout in Russia sanctions bill for countries that back Ukraine
Sen. Lindsey Graham (R-S.C.) is proposing a carveout for his Russia sanctions bill to exempt countries that help Ukraine's defense, protecting them from a 500 percent tariff on countries trading with Russia. The carveout could help insulate countries in Europe that still import Russian gas and have provided military support for Ukraine, as well as other U.S. partners who have straddled the line between maintaining ties with Moscow and providing assistance to Kyiv. 'A lot of countries still buy Russian oil and gas, but less. Some European countries still have relationships with Russia but they've been very helpful to Ukraine. So I want to carve them out,' Graham told reporters on Wednesday. 'I tell China, if you don't want to have a 500 percent tariff, help Ukraine. Semafor first reported Graham's proposed carveout. Graham's sanctions bill on Russia would impose a 500 percent tariff on imports from any country that buys Russian oil, gas, uranium, and other products. The legislation has more than 80 co-sponsors in the Senate, potentially making it veto-proof. Graham said he is in constant contact with President Trump about the bill. Republican lawmakers have signaled they are anxious to move but waiting for a green light from Trump before bringing the bill to the floor. 'We are separate entities coordinating with each other,' Graham said about whether Trump is dictating when the bill will come to the floor. Graham said the carveout would apply to countries who have 'meaningfully' assisted Ukraine. 'There's some of our allies who've really helped Ukraine but would be affected by the bill, they've earned their way to get a carveout. Those who have helped Ukraine, meaningfully, will get a carveout. In other words you'll incentivize people to help Ukraine.' The move could have big implications for India, a close ally of the U.S. that has maintained deep ties with Russia. India is a top purchaser of Russian oil, but has provided Ukraine humanitarian support. While India has not provided direct military support to Ukraine, it has allowed European countries to purchase Indian munitions bound for Kyiv. Al Weaver contributed reporting
Yahoo
36 minutes ago
- Yahoo
Premier League opts not to change rules that helped Chelsea comply with PSR
Premier League teams have chosen not to change controversial rules that allow the sale of fixed assets to companies related to a club's ownership. Despite discontent among some clubs over the rules, which have helped Chelsea to meet profitability and sustainability rules (PSR) by selling two Stamford Bridge hotels to businesses linked to their owners, no vote was taken on changing them at the league's annual general meeting in Harrogate on Wednesday. Advertisement Related: Premier League players who need a move to revitalise their careers Under current rules clubs can sell assets to related companies and include the revenue in PSR calculations the following season as long as the deals are seen to have been conducted at fair market value. Chelsea's hotel sales were ultimately cleared by the Premier League after a lengthy assessment which concluded earlier this year. The process led to the value of the deal being restated, however, at £70.5m in Chelsea's latest accounts, down from an original £76.5m The west London side have also sold their women's team to a related company at a value of almost £200m last year, helping the club record a net profit of £129.6m for the year ended 30 June 2024. The Guardian understands that the league was asked by some clubs to table an amendment that would prevent such deals from being included in PSR calculations in future. That proposal was ultimately removed from a series of votes on rule changes, however, after it became clear there was insufficient support amongst the totality of clubs to pass it. All clubs attended the AGM on Wednesday knowing there would be no vote. This is not the first occasion that clubs have stepped back from changing the rules. Alterations were discussed first in 2021, when the EFL had brought in tougher rules, and then last summer, but no vote was taken on either occasion. The sale of fixed assets cannot be included in revenue under Uefa's financial sustainability rules, however and the Blues are expected to have agree a potential financial settlement with European football's governing body as a result.
Yahoo
40 minutes ago
- Yahoo
Publicis Groupe SA successfully prices EUR 1.25 billion of bond issue
Not for distribution nor publication directly or indirectly in the United States, Canada, Australia or Japan Publicis Groupe SA successfully prices EUR 1.25 billion of bond issue Paris – June 4, 2025 – Publicis Groupe SA [Euronext Paris FR0000130577, CAC 40] announces that it has successfully priced its offering of EUR 1.25 billion of notes across two tranches with maturities of four and seven years, respectively (the 'Notes'). € 600 million, due June 2029, bearing a fixed interest at an annual rate of 2.875% € 650 million, due June 2032, bearing a fixed interest at an annual rate of 3.375% The Notes are being issued under Publicis Groupe SA's Euro Medium Term Note Program dated May 16, 2025. Publicis Groupe SA intends to use the net proceeds from the offering for general corporate purposes. The transaction has been led by BNP Paribas, BofA Securities and Citi as Global Coordinators, and CIC, HSBC, Lloyds, Santander CIB and Standard Chartered Bank AG, all as Joint Lead press release is for information purposes only and is not an offer or sollicitation to purchase or subscribe securities (including the Notes) in the United States, Canada, Australia, Japan or in any other jurisdiction. The offer and subscription of the Notes may be subject in certain juridictions to specific legal or regulatory restrictions; Publicis Groupe SA accepts no liability for any breach by any person of these restrictions. This press release constitutes a communication of a promotional nature but does not constitute a prospectus within the meaning of Regulation (EU) 2017/1129 of June 14, 2017 (as amended, the '') and has not been approved, filed or reviewed by any regulatory authority of the EEA or any other jurisdiction. The circulation, publication or distribution of this press release is forbidden in any jurisdiction where such circulation, publication or distribution would be an infringement of applicable laws and regulations. Persons in possession of this document are required to inform themselves of any local restrictions and to comply with them. Publicis Groupe SA accepts no responsibility towards any person in connection with the circulation, publication or distribution of this press release or the information contained therein in any jurisdiction. The Notes may not be and have not been offered to the public in any Member State of the European Economic Area ('') (each a ''), except in accordance with the derogations provided for in Article 1(4) of the Prospectus Regulation. No action has been or will be taken to permit an offer to the public of the Notes other than to qualified investors in a Relevant State. - The Final Terms in respect of the Notes will contain a legend entitled 'MiFID II product governance / professional investors and eligible counterparties only target market' describing the target market assessment with respect to the Notes and the appropriate distribution channels for the Notes. Any person subsequently offering, selling or recommending the Notes (a '') must consider the target market assessment; a Distributor subject to Directive (EU) No 2014/65 (as amended, '') is responsible for conducting its own target market assessment with respect to the Notes (by adopting or refining the target market assessment) and determining appropriate distribution channels. This investment restriction is in addition to the other investment restrictions applicable in each Relevant press release is intended only for persons who (i) are located outside the United Kingdom, (ii) are 'investment professionals' within the meaning of section 19(5) of the Financial Services and markets Act 2000 (Financial Promotion) Order 2005, as amended (the ''), (iii) are referred to in section 49(2) (a) to (d) (high-equity companies, non-registered associations, etc.) of the Order, or (iv) are persons to whom an invitation or inducement is directed to be undertaken in investment activities (within the meaning of Section 21 of the Financial Services and Markets Act 2000, as amended (the '') in connection with the issue or sale of the Notes, may be lawfully disclosed (the persons referred to in paragraphs (i), (ii), (iii) and (iv) together being referred to as the ''). The Notes are only intended for Authorised Persons and any invitation, offer or contact relating to the subscription, purchase or acquisition of the Notes may only be addressed or entered into with Authorised Persons. Any person other than an Authorised Person shall refrain from using or relying on this press release and the information contained therein. This press release does not constitute a prospectus and has not been approved by the Financial Conduct Authority or any other regulatory authority in the United Kingdom within the meaning of Section 85 of the FSMA. - The Final Terms in respect of the Notes will contain a legend entitled 'UK MiFIR product governance / professional clients and eligible counterparties only target market' describing the target market assessment with respect to the Notes and the appropriate distribution channels for the Notes. Any person subsequently offering, selling or recommending the Notes (a '') must consider the target market assessment; a Distributor subject to the FCA Handbook Product Intervention and Product Governance Sourcebook (the "") is responsible for conducting its own target market assessment with respect to the Notes (by adopting or refining the target market assessment) and determining appropriate distribution channels. This press release may not be published, distributed or transmitted in the United States (or in its territories and dependencies, its constituent states or the District of Columbia). This press release does not constitute a solicitation to purchase or an offer to purchase or subscribe for the Notes in the United States. The Notes have not been and will not be registered under the "U.S Securities Act of 1933', as amended (the '') and may only be offered or sold in the United States in accordance with an exemption regime under the Securities Act. The Notes will only be offered or sold outside the United States within the meaning and in accordance with 'Regulation S' of the Securities Act. Publicis Groupe SA does not intend to register in the United States or to make an offer to the public of the Notes, in the United States or elsewhere. This press release may not be published, communicated or distributed, directly or indirectly, in Australia, Canada or Japan. This press release and the information contained herein do not constitute an offer or solicitation to purchase or subscribe for the Notes in these countries. About Publicis Groupe - The Power of One Publicis Groupe [Euronext Paris FR0000130577, CAC 40] is a global leader in communication. The Groupe is positioned at every step of the value chain, from consulting to execution, combining marketing transformation and digital business transformation. Publicis Groupe is a privileged partner in its clients' transformation to enhance personalization at scale. The Groupe relies on ten expertise concentrated within four main activities: Communication, Media, Data and Technology. Through a unified and fluid organization, its clients have a facilitated access to all its expertise in every market. Present in over 100 countries, Publicis Groupe employs around 108,000 professionals. | X: @PublicisGroupe | Facebook | LinkedIn | YouTube | Viva la Difference! Contacts Publicis Groupe Amy Hadfield Director of Global Communications + 33 1 44 43 70 75 Jean-Michel Bonamy Investor Relations + 33 1 44 43 74 88 Carla Foucaud Investor Relations + 44 20 7830 3710 Attachment Publicis - Bond Issue_ENError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
