The ports of Helsinki and Tallinn together with the listed Estonian shipper AS Tallink Grupp have obtained 29.3 million euros in EU funding within the 2014 CEF Transport Multi-Annual Calls for proposals to finance their infrastructure investments.
The total cost of the planned investments is 97.6 million euros, the state owned company Port of Tallinn said on Monday.
The CEF (Connecting Europe Facility) program is a continuation to TEN-T, under which the initial TWIN-PORT project was started. The follow-up project is called TWIN-PORT II. The development of the Helsinki-Tallinn maritime link as part of the TEN-T North Sea-Baltic core corridor is of vital importance as it connects the northern parts of Europe with southern TEN-T corridors.
“This ongoing effective cooperation with Port of Helsinki and Tallink helps us to develop the link as a whole. It also supports the Twin City idea and the Rail Baltic project,” Ain Kaljurand, CEO of Port of Tallinn, said.
Kimmo Maki, CEO of Port of Helsinki, said the support for investment in the West Terminal building will have a significant impact on the comfort of passengers and smoothness of traffic on the whole Helsinki-Tallinn maritime link.
“The new LNG powered fast ferry will bring swift environment friendly operations to the busy Tallinn-Helsinki route. We are happy to see a successful collaboration between public and private companies that is supported by the European Union,” said Janek Stalmeister, chairman of the management board of Tallink Grupp.
The Helsinki-Tallinn line is one of the busiest international routes in the world, serving about eight million passengers per year, while trucks and trailers carry more than three million tons of cargo per year. The flows of traffic and passengers between the two ports have been constantly growing already for a decade. Therefore the project is crucial for both cargo and passenger flows to ensure smooth traffic between Helsinki and Tallinn.
According to the allocation of the support to develop the Helsinki-Tallinn maritime link from 2015-2018, Port of Helsinki will receive 19.2 million euros to develop traffic and port facilities related to Helsinki-Tallinn line traffic, which includes the new fast flow terminal, ramp constructions for the vessels, gate services and street connections. The total investment of Port of Helsinki amounts to 64 million euros.
Port of Tallinn stands to receive 5.3 million euros to develop several items in the Old City Harbor, such as the port’s sewage system to collect waste waters from ships, extension of terminal D, reconstruction of access to terminal A and connecting the terminals A and D, for a total investment of 17.6 million euros.
Tallink Grupp will receive 4.8 million euros to commission a new environmentally friendly LNG vessel costing 230 million euros to serve the Helsinki-Tallinn line starting from 2017. The investment under TWIN-PORT II is 16.0 million euros.
TWIN-PORT II will lead to maximum efficiency for this short sea line by optimizing port operations and infrastructure and will provide efficiency in a “door to door” approach, minimizing the costs and transit time, while increasing the cooperation and reliability of the transport service between Tallinn and Helsinki.