Ningbo Port is collaborating on the project, with Mr Ratassepp stating that the two partners have a mutual interest in attracting Chinese shipping lines to Muuga, which serves 200m consumers in North West Russia, as well as those in the Baltic States and parts of Scandinavia.
Tallinns expansion plans still on track
The Port of Tallinn has signed a ¢ 40m ($50.7m) loan agreement with the European Investment Bank (EIB) on what port spokesperson Sven Ratassepp described to Port Strategy as highly favourable rates and hopes to have additional funding in place by the end of the second quarter.
