Merko Ehitus

Regulatory Filings • Aug 19, 2025

Construction contract in Estonia (reconstruction of Peterburi road section in Tallinn)

Construction contract in Estonia (reconstruction of Peterburi road section in Tallinn)

On August 19, 2025, Tallinna Teede AS, part of AS Merko Ehitus group, and
Tallinn Urban Environment and Public Works Department, with co-financiers AS
Tallinna Vesi and OÜ Rail Baltic Estonia, entered into an agreement for the
reconstruction of the Majaka - Väike-Paala section of the Peterburi road in
Tallinn.

The 590 m long section to be reconstructed starts at the intersection of Majaka
Street and ends at Väike-Paala Street. The works include renewing the road
surface and underground communications, making the intersections safer,
constructing nearly 3.5 km of new water and sewage pipelines and approximately
600 m of a new gas pipeline. In addition, more than a kilometre of separated
pedestrian and bicycle paths will be constructed, making access to the future
Ülemiste joint terminal smoother and safer, creating a balanced traffic space.

The contract value is 6 million euros, plus VAT. The construction works are
scheduled for completion in the fall of 2026.

Tallinna Teede AS (ttas.ee (https://www.ttas.ee/)) is a road construction
company that performs road construction, maintenance and repair works all over
Estonia. The company has its own asphalt plant and an accredited laboratory for
testing road construction materials.

Additional information: Jüri Läll, CEO of Tallinna Teede AS, phone:
+372 606 1901.

Urmas Somelar
Head of Finance
AS Merko Ehitus
+372 650 1250
[email protected] (mailto:[email protected])

AS Merko Ehitus (group.merko.ee (https://group.merko.ee/en/)) group companies
construct buildings and infrastructure and develop real estate. We create a
better living environment and build the future. We operate in Estonia, Latvia,
and Lithuania. As at the end of 2024, the group employed 605 people, and the
group's revenue for 2024 was EUR 539 million.