Creation date: November 13, 2013
The European Union will support to the tune of €2.4 million from the TEN-T Programme a series of studies aiming at preparing a section of motorway along Finland's southeast coast for a possible public-private partnership (PPP) procurement. The studies will contribute to the realisation of the "Nordic Triangle railway/road axis" (TEN-T Priority Project 12).
The studies, selected under the 2012 TEN-T Annual Programme's priority on support for PPPs and innovative financial instruments, will analyse whether a PPP is the best solution to Design Build Finance Maintain and Operate (DBFMO) around 32 km stretch of the Finnish E18 motorway from Hamina to Vaalimaa. The E18 is one of the most important road connections between the EU and Russia and this is the last remaining section requiring an upgrade to motorway level – an expected investment worth €265 million.
Results of the studies will help to accelerate the realisation of this project and the subsequent works will eliminate a key bottleneck on the Finnish road network and improve road safety.
The initiative will be monitored by the Trans-European Transport Network Executive Agency (TEN-T EA) and is set to be completed by the end of June 2014.
For more information, please consult the project's page!