Major Scandinavia-Russia motorway inaugurated

Meridiam, the global investor and asset manager specialising in public and community infrastructure, has announced the inauguration of the E18 Eagle Motorway, connecting Koskenkyla to Kotka in Finland. The 53 kilometre motorway is a key link in a major transportation corridor linking Scandinavia to Russia. The highway will serve as a model European project through the implementation of a comprehensive environmental protection program and contribute to development of both regional tourism and trade between F
October 13, 2014 Read time: 2 mins

7905 Meridiam, the global investor and asset manager specialising in public and community infrastructure, has announced the inauguration of the E18 Eagle Motorway, connecting Koskenkyla to Kotka in Finland.

The 53 kilometre motorway is a key link in a major transportation corridor linking Scandinavia to Russia. The highway will serve as a model European project through the implementation of a comprehensive environmental protection program and contribute to development of both regional tourism and trade between Finland and Russia.

Procured by the Finnish Transport Agency, the new highway is expected to increase both traffic flow and road users' safety while alleviating the negative impacts borne by neighbouring communities. More than 1,000 fewer people will be subjected to traffic noise, and the noise limit of 55 decibels is not exceeded in residential areas. The project also creates optimal conditions for business expansion in the region and will have a significant impact on direct and indirect job development.

"We're pleased to be involved in the Eagle Motorway. This new gateway to increased safety, business development and job creation, is a great example of successful public private partnering, and all those involved can be particularly proud of delivery ahead of schedule for each phase of this project," stated Thierry Deau, founder and chairman of Meridiam.

For more information on companies in this article

Related Content

  • Dott and Tier announce merger - but will keep own brands
    January 11, 2024
    Companies operate primarily in Europe and have combined revenues of €250m
    Read More
  • Europe's electronic toll service closer to operational reality
    November 7, 2012
    After much debate and delay, a unifying European Electronic Toll Service is now finally on the horizon, says ASFiNAG’s Klaus Schierhackl. Here, he talks with Jason Barnes about what that might mean. Aworkable European Electronic Toll Service (EETS) which will allow truck drivers to travel across the continent and pay tolls using a single account and OnBoard Unit (OBU) was originally timetabled to be in place and operating by October of this year. A lack of urgency from some of the stakeholders involved in t
    Read More
  • Finland to become a model country for sustainable transport by 2020
    June 18, 2014
    Finland’s technical research centre’s (VTT) TransSmart vision of a model country for sustainable transport throws the spotlight on efficiency – in vehicles, systems, and services. It says transport will be a fusion of sustainable energy sources, advanced technology, safety, high service levels, mobility alternatives and new ways of operating. According to VTT, Finland in 2020 will use low-emission vehicles running on renewable energy, electricity, hydrogen and sustainable bio-fuels. The share of public t
    Read More
  • Work begins on Auckland, New Zealand motorway project
    December 9, 2016
    Work has begun on new US$509 million (NZ$709.5 million) motorway in New Zealand, extending from Puhoi, approximately 50 km north of Auckland, to Warkworth, a distance of 18.5 kilometres. The project is New Zealand’s second Public Private Partnership (PPP) for a state highway and will be delivered by the Northern Express Group, which will finance, design, construct, manage and maintain the motorway for the 25 years that will follow the expected five year period to build the motorway. Full ownership of the
    Read More

Highlighted Content