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

  • Australian state government does a deal with East West Connect
    April 15, 2015
    The state government of Victoria in Australia will pay the East West Connect consortium US$258 million to cancel construction of Melbourne’s East West Link road tunnel. The payoff is to cover the consortium's bidding, design and pre-construction costs and draw a line under the deal that has been mired in financial controversy for years. The federal government slammed Victoria’s decision to bail out of the project as “an obscenity’’ that will cost 7000 jobs, according to a report in The Australian news
    Read More
  • Revenue holds steady for Wacker Neuson in 2016
    March 16, 2017
    Wacker Neuson said that it managed to keep 2016 revenue stable despite challenging market conditions but profitability was impacted by crises in key markets. The company is positive about 2017 and expects revenue and earnings to grow again. Revenue for 2016 was €1.36 billion, up only 0.3% on 2015. Profit was negatively affected by crises in emerging markets and industries as well as a number of one-off effects, the company said. Profit before interest and tax (EBIT) contracted 15% to just over €88
    Read More
  • Sourcing road financing for East Africa’s network expansion
    December 4, 2015
    East Africa’s ambitious road expansion programme is seeing the network expand significantly – Shem Oirere writes The East Africa countries of Kenya, Tanzania, Uganda and Rwanda have announced ambitious road sector expansion plans in the 2015/16 financial year. This is despite their national budgets being weighed down by huge deficits and persisting lack of capacity to spend resources allocated to the sector in previous years. With the huge budget deficits, the countries will have to look for alternati
    Read More
  • Egis expands in Brazil with acquisition of Lenc
    November 28, 2014
    French engineering firm Egis has expanded further into the Brazilian infrastructure market with the purchase of highways contractor Lenc for an undisclosed sum. A statement from Egis said the acquisition is part of a strategy to expand aggressively in Brazil that it has been focusing on since 2011. Lenc, established in Sao Paulo in 1975, has 450 employees whose road building work ranges from preliminary studies and project management to work supervision and inspection. It also operates nearly 2,500km
    Read More

Highlighted Content