TALLINN, Feb 05, BNS - The supervisory board of the state-owned company Tallinna Sadam (Port of Tallinn) decided on Tuesday in favor of an investment of 355 million kroons (EUR 22.7 mln) in the Paldiski South Harbour for the construction of new quays.

It also approved an investment of 25 million kroons in the Old City Harbor of Tallinn for the improvement of new ships calls, Tallinna Sadam told the stock exchange.

In the South Harbor of Paldiski, a coastal town situated some 50 kilometers to the west of Tallinn, an eighth quayline is about to be built with a length of 160.1 meters and a ninth quayline with a length of 247.5 meters.

The quaylines will be built in the sea with a depth of up to 13 meters and the area between the new quayline and the existing quay filled and covered.

Works in Paldiski are expected to start at the beginning of 2009 and end in late May in the same year.

(EUR 1 = EEK 15.65)

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