TREV-2 to start a new section of Estonia’s Tallinn-Tartu highway

Estonia’s Road Administration and infrastructure company. TREV-2 Grupp has signed a €51 million contract for construction of a new four-lane section of highway between Kose and Ardu. The work will shorten the length of the of the Tallinn-Tartu highway by around 5km. The construction is scheduled in August 2017 with completion in 2020. The new section will allow speeds of up to 120kph, according to the government.
August 11, 2017 Read time: 2 mins
Estonia’s Road Administration and infrastructure company


TREV-2 Grupp has signed a €51 million contract for construction of a new four-lane section of highway between Kose and Ardu.

The work will shorten the length of the of the Tallinn-Tartu highway by around 5km.

The construction is scheduled in August 2017 with completion in 2020. The new section will allow speeds of up to 120kph, according to the government.

Civil engineering TREV-2 Grupp is based in Tallinn. Principal activities are construction of roads, bridges and railways, road maintenance, environmental construction and the extraction of mineral resources. The company employs about 360 people.

In March this year, BaltCap, a major private equity and venture capital enterprise in the Baltic region, acquired an additional 38% of the shares of TREV-2 Grupp from East Capital Explorer. The deal gave BaltCap a majority holding of nearly 75% inTREV-2 Grupp.

In April, Sven Pertens took over as chairman of TREV-2 Grupp. He was formerly chief executive of 3064 Lemminkäinen Estonia, part of the Finnish infrastructure group Lemminkäinen.

Finance & Funding

For more information on companies in this article

Related Content

  • CPB Contractors closes deal for Melbourne’s West Gate Tunnel
    December 13, 2017
    CPB Contractors has achieved contractual close on Melbourne’s planned 5km West Gate Tunnel, originally called the Western Distributor. The road will link the West Gate Freeway at Yarraville, a suburb of Melbourne, with the tolled CityLink road network at Docklands via a tunnel beneath Yarraville.
    Read More
  • Increased infrastructure spending
    February 22, 2012
    With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
    Read More
  • Impressa Pizzarotti signs Polish S61 dual carriageway deal
    June 12, 2017
    Italian infrastructure company Impressa Pizzarotti has signed a deal for work on 24km of Poland’s S61 dual carriageway from Suwalki to the border with Lithuania.
    Read More
  • Bankia and FCC sell Globalvia to OPTrust, USS and PGGM
    October 27, 2015
    Investment bank Bankia and Spanish construction firm FCC have sold their 50-50 joint venture infrastructure management firm Globalvia to three pension funds for €420 million. Madrid-based Bankia and FCC -- Fomento de Construcciones y Contratas, based in Barcelona -- said their decision to sell their holdings was part of their plans to divest non-strategic businesses. Globalvia manages public-private partnerships, of which 90% are in Spain. Purchasers are UK-based USS, OPTrust in Canada and Netherlands-ba
    Read More

Highlighted Content