The Finland-Estonia gas pipeline is a ‘high-level project for the EU’
The Balticconnector natural gas pipeline between Finland and Estonia will cost €250 million when it is commissioned in 2020, with an extraordinary 75% granted by the European Union’s Connecting Europe Facility fund. Finland and Estonia will finance the rest. The 50-centimetre diameter pipeline will eventually be 150 kilometres long connecting Continental Europe at Paldiski on the north Estonian coast to Inkoo on Finland’s southern shoreline. “It will be unique – and without Brussels impossible,” stated Herkko Plit, CEO of Baltic Connector Ltd, the Finnish state-owned company that will implement and oversee the Finnish side of the project, “It is a high-level project for Finland, Estonia and the EU.” (Business Insider)
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