TALLINN - The Estonian Ministry of Economic Affairs and Communications is to auction off 100 percent of shares in the state-owned road maintenance company AS Eesti Teed on Monday with a starting price of 16.9 million euros.
As the privatization of the road maintenance market had not produced an effective competitive environment by 2012, the state deemed it necessary to acquire full ownership of AS Eesti Teed to provide road maintenance service financed from the state budget. The agreement concluded at the time gave the state an overview of cost-based prices in road ...
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