Latvian government is actively looking for a way to start construction of Liepaja Prison a year sooner than previously expected, Prime Minister Krisjanis Karins has announced. The prime minister reminded that when compiling this year’s budget an agreement was reached to commence the aforementioned project in 2022. “As far as I know, we are looking…
Akim of Zhambyl region Berdibek Saparbayev spoke about the construction and repair work in Kordai district. “During an emergency situation in the region, 39 residential buildings and 20 commercial facilities in the villages of Masanchi, Bular Batyr and Auhatti were completely damaged. The President instructed to provide assistance to the residents of the area in…
Construction of a new international terminal at Almaty Airport with passenger flow traffic up to 6 million will begin on July 1. Construction works will be completed on July 1, 2022. As earlier reported, Turkey’s TAV Airports Holding bought the Almaty International Airport for $415 million. (Kazinform/Business World Magazine)
The Port of Tallinn entered into an unsecured loan agreement with SEB Bank for up to EUR 20 million, with a term of five years, to develop Tallinn’s Old City Harbor. The base interest rate of the loan is six-month Euribor, plus an interest margin. The loan can be drawn in two payments, the first…
According to the information released by Statistics Estonia on May 26, in the first quarter of 2020, the total production of Estonian construction businesses in Estonia and abroad increased by 7% YoY. The construction volume increased in Estonia, but decreased in foreign countries. The production value of Estonian construction businesses amounted to EUR 631 million,…
As the crisis deepens, the Estonian government plans on coming to the rescue of the economy and the construction sector by launching major projects for which procurements could be announced right away, Prime Minister Juri Ratas (Center) has said. “I believe that toward the end of the year, the situation in the construction sector may…
US company Cerberus Frontier will construct a small hydropower plant, Bakhvi 1, in the Guria region of Georgia, Economy Minister Natia Turnava has announced. “This will be the US company’s fifth project in Georgia”, said Turnava and added that a government meeting discussed and approved the construction of Bakhvi 1 hydropower plant in Guria. The…