Capital Expenditures Budget of AS Tallinna Vesi Reached 433 mln Kroons
OREANDA-NEWS. On 27 February 2008 was announced, that In 2008 the capital expenditures budget of AS Tallinna Vesi is 433 million kroons, which is almost 150 million kroons more than in 2007.
This is the largest investment programme throughout the years, the main focus of which has been aimed at the development of public water supply and sewerage system in the capital. In 2008 approximately 340 million kroons shall be invested in the construction of new water and sewerage pipeline and in the renovation of existing networks. Altogether more than 32 kilometres of water and sewerage pipeline and approximately 13 kilometres of storm water pipeline shall be constructed.
“Although 97% of the residents of the capital are already today consuming the services of public water supply and sewerage system, the investments are necessary above all in order to minimise the potential risk to environment resulting from setting tanks and to complete the construction of public water supply and sewerage system in the areas established earlier within the Tallinn Public Water Supply and Sewerage Network Development Plan approved by Tallinn City Government by the end of March 2011, ” says Roch Chйroux, the Chairman of the Management Board of AS Tallinna Vesi.
It has been planned to construct the majority of new water, sewerage and storm water pipeline in the areas of Nхmme, Lillekьla, Veskimetsa and Pirita, thus providing the customers with the opportunity to connect to the public water supply and sewerage system.
More than 62 million kroons from the overall investments shall be aimed at the continuous improvement of the quality levels of water production and wastewater treatment of the capital. This amount includes the reconditioning of the Ьlemiste sanitary protection zone, the renovation of the equipment in the Water Treatment Plant and the Wastewater Treatment Plant and the continuous improvement of the sludge treatment process.
“In addition to the construction of pipeline the company has an obligation to continuously maintain a high level of the quality of services. The results of drinking water analyses carried out in 2007 confirmed the achievement of the best ever quality of drinking water in the capital. This is also demonstrated by the results of the survey carried out by TNS Emor, which shows that the index indicating customer satisfaction has increased from 73 to 79 in the scale of 100-poins, which rates the company in the top 10% of world utilities,“ explained Chйroux.
Last year the company invested more than 285 million kroons in the development of the public water supply and sewerage system of the capital.
AS Tallinna Vesi is the largest water utility in Estonia providing drinking water and wastewater disposal services to approximately one third of the people of Estonia. AS Tallinna Vesi shares are listed on the main list of the Tallinn Stock Exchange.
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