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Project companies to finance large-scale rail transport investments

Ministry of Transport and Communications 14.2.2019 14.07 | Published in English on 14.2.2019 at 17.40
Press release

The Ministry of Transport and Communications will establish a new limited liability company wholly owned by the state in the railway sector. On 14 February 2019, the Government authorised the Ministry of Transport and Communications to sign an agreement establishing the company and other documents relating to the establishment.

The Ministry was authorised to subscribe, on behalf of the state, all the shares of the company to be established and to pay for the shares an amount equivalent to a minimum capital of EUR 2,500 as well as other establishment costs.

The limited liability company will be a group with five subsidiaries: a project company Suomi-rata, ("Finland line"), a project company Turun tunnin juna ("fast Helsinki-Turku line"), a rolling stock company, a real estate company and the Rail Baltica company.

On 1 February 2019, the Ministerial Committee on Economic Policy supported the establishment of Oy Suomen Rata Ab (working title), a limited liability company wholly owned by the state.

Inquiries:
Miikka Rainiala, Director of Unit, tel. +358 295 34 2051