Tallinna Sadam will build a new quay at Paldiski South

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The supervisory board of AS Tallinna Sadam (hereafter: Tallinna Sadam) has decided to invest up to 53 million euros to build a new 310-meter quay with an area of ​​10 hectares beyond the quay at Paldiski South Harbour. The investment is co-financed by the European Commission with €20 million through the military mobility project EstMilMob, which aims to improve transport links to Tapa over the next five years. The wharf and hinterland area will be completed in the summer of 2025.

The new quay with the area beyond to be built in the southern port of Paldiski is necessary not only for military purposes, but also to increase the capacity for maritime transport of goods and vehicles. Due to the favorable location of Paldiski South Harbour, the construction of the new quay will create the preconditions for Tallinna Sadam to become an important partner in the construction and subsequent maintenance of offshore wind farms in the Baltic Sea region. The new quay will ensure the port’s capacity to receive special deep-draught vessels for the construction of offshore wind farms and the transport of wind turbine components. The large aft area beyond the quay allows various preparations for the manufacture and storage of generators and wind turbine blades before loading onto a ship. In addition, the new quay can be used to serve ro-ro ships if necessary.

Tallinna Sadam is currently negotiating with several major European wind farm builders to establish a construction and maintenance port for the neighboring region’s offshore wind farms in the southern port of Paldiski. The wind farms to be built in the area plan to start production in 2028, preceded by a 3-year construction period for the wind farms. The positive impact of the investment on Tallinna Sadam’s operating volumes and turnover is expected from 2025 after the wharf is completed, but as negotiations with developers are still ongoing, it is not It is currently not possible to assess the financial impact on Tallinna Sadam in more depth. detail.

Tallinna Sadam is one of the largest cargo and passenger port complexes in the Baltic Sea region, serving an average of 10 million passengers and 20 million tons of cargo annually. In addition to passenger and cargo services, the Tallinna Sadam Group also operates in the maritime sector through its subsidiaries – OÜ TS Laevad provides ferry services between the Estonian mainland and the largest islands, and OÜ TS Shipping charters its multifunctional vessel Botnica for icebreaking and construction services in Estonia and offshore projects abroad. The Tallinna Sadam Group is also a shareholder in an associated company, AS Green Marine, which provides waste management services. The group’s sales in 2021 amounted to 110 million euros, adjusted EBITDA to 54 million euros and profit to 26 million euros.

Further information:

Marju Zirel
Head of Investor Relations
Such. +372 5342 6591

m.zirel@ts.ee

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