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Sakhalin bridge construction is 3 times more expensive than Crimean one
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Two lanes of Tavrida highway in Crimea to open in 2018
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Ginza restaurant holding opens farmer’s markets in Moscow
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Finnish developer YIT sets to build 77,000 sqm of housing in Moscow region
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Putin opened road section of Crimean bridge, driving KamAZ
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Russian regulatory agency approves Nord Stream 2 gas pipeline project
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Europe’s largest casino with 1,200 slot machines to be erected on Cyprus
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Japanese Kawasaki to build a hydrogen plant in Magadan
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Investments in Park Huaming business center in Moscow will exceed $300 million
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Russian PM signed a decree on construction of Urals high-speed rail line
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Russia gets its first plant producing medical equipment for radiation therapy
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The Crimean bridge opens for automobile transport
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Finland invests €28m into Balticconnector gas pipeline

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Finland invests €28m into Balticconnector gas pipeline

The Finnish Government intends to allocate €28m euro to the construction of Balticconnector gas pipeline between Estonia and Finland, the Employment and Economy Ministry of Finland announced on Tuesday.


According to the Minister of Economic Affairs, Olli Rehn, Balticconnector construction is a “precondition for structural changes on the Finnish gas market.” “Implementation of the gas pipeline project opens our market for competitiveness and makes Finland a part of the internal gas market of the EU,” said Rehn.

In August, the European Union allocated €187,5m for the project implementation, what accounts for 75% of the required sum of money. Balticconnector is scheduled to start its operation by December 2019.

Joint Estonia and Finland’s project to build a gas pipeline under the Gulf of Finland, which will connect the gas systems of two countries, has been unveiled in the year 2014.

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