GRK has been selected to participate in the largest Rail Baltica project in Estonia to date
Rail Baltic Estonia OÜ has on selected GRK Eesti AS, GRK Finland Ltd, AS Merko Ehitus Eesti, NGE Contracting, TSO AS, Sweco Finland Oy and Sweco Sverige AB to design and construct the Rail Baltica main railway in Estonia. The project is being carried out using the alliance model. The initial value of the project for GRK is estimated to be around 158–216 million euros. The final value of the contract will be clarified later based on the development phase.

Rail Baltica is a joint transport project of the Baltic countries, which involves the construction of a new greenfield railway connection from Tallinn through the Baltic countries to Poland. A total of 213 kilometers of completely new European gauge 1435mm main track will be built in Estonia, which is expected to be completed by 2030.
In the tender competition, the design and construction of Estonia's main track were divided into two geographical segments. The winner of the tender competition, an alliance group formed by GRK, NGE, TSO Merko, Sweco, has been assigned to implement the larger northern main track section between Tallinn Ülemiste and Pärnu. Rail Baltic Estonia OÜ announced the decision on March 12, 2025. The appeal period for the procurement decision is ongoing.
The value of the project concerning the main track between Tallinn Ülemiste and Pärnu is approximately on EUR 394–540 million. In the alliance, GRK acts as a constructor. GRK's share of the project is 40 percent, so its value for GRK is estimated to be around EUR 158–216 million. The final value depends on the costs determined by the development phase and the scope of the contract.
Construction is expected to begin in 2026
The alliance project consists of two phases: the development phase and the implementation phase. According to the preliminary project schedule, the development phase will last until 2026, and the implementation phase will take place from 2026 to 2030. As is typical of alliance contracts, a separate decision and contract for the implementation phase will be made after the development phase. The Rail Baltica main track project will be added to GRK's order backlog only when the contract for the implementation phase is signed.
“This is yet another great example of how GRK has succeeded in alliance project tenders, where the decision is influenced not only by price but also by qualitative criteria such as plans and project expertise. Recent successes include the Turku Tram and the eastern section of the Vantaa light rail alliance projects. These significant projects are still in the development phase. Therefore, they are not yet visible in our order backlog, which was EUR 845.6 million at the end of 2024”, says CEO Juha Toimela.
GRK, together with its alliance partners, will construct the superstructure of the track, including the subgrade and the actual track. The project also includes the substructure of the railway on the Tootsi-Pärnu section, which involves the construction of noise barriers, railway bridges, green bridges, tunnels, and access and maintenance roads near the railway
“We are selected to build a historically significant project on a European scale: a completely new main track that connects the Baltics to Europe. We have numerous railway projects underway in Estonia, thanks to which we have managed to increase our revenue and profitability in 2024. We are currently working on several Rail Baltica-related projects. Additionally, we are electrifying Estonia's existing tracks,” says Tiit Roben, CEO of GRK Eesti AS, the Estonian subsidiary.
"Now, together with our alliance partners, we can begin the development phase, during which we will refine the project's content and risks. At this stage, the target cost for the project will be specified, to which all parties will commit. In the implementation phase, cost risks and opportunities will be shared between the client and service providers on the principle of 'everyone wins or everyone loses,' with the builder's maximum risk limited to the amount of the fee," Roben explains the phases of the alliance contract.
Contacts
Juha ToimelaCEOGRK Infra Oyj
Tel:+358 40 594 5473juha.toimela@grk.fiTimo PinomäkiRiskienhallintajohtaja
Tel:+358 40 510 2123timo.pinomaki@grk.fiTiit RobenGRK Eesti AS
Tel:+372 5680 5407tiit.roben@grk.eeAlternative languages
Subscribe to releases from GRK Infra Oyj
Subscribe to all the latest releases from GRK Infra Oyj by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GRK Infra Oyj
GRK påbörjar flera broprojekt i Sverige24.4.2025 13:30:01 EEST | Pressmeddelande
GRK:s svenska dotterbolag GRK Sverige AB inleder utbyte av två broar i norra Sverige under maj månad. Utöver dessa två broar har GRK dessutom ett broprojekt i projekteringsfas som går snart in i utförandefasen. Det totala värdet av projekten som beställts av Trafikverket är cirka 180 miljoner kronor, vilket motsvarar cirka 16 miljoner euro.
GRK aloittaa useita siltaprojekteja Ruotsissa24.4.2025 13:30:01 EEST | Tiedote
GRK:n Ruotsin maayhtiö GRK Sverige AB aloittaa toukokuussa kahden sillan uusimisen Pohjois-Ruotsissa. Lisäksi GRK:lla on meneillään yhden siltaprojektin suunnitteluvaihe, jonka odotetaan siirtyvän seuraavaksi rakennusvaiheeseen. Trafikverketin tilaamien projektien kokonaisarvo on noin 180 miljoonaa kruunua, eli noin 16 miljoonaa euroa.
Finanssivalvonta on hyväksynyt GRK Infra Oyj:n suomenkielisen esitteen20.3.2025 19:00:00 EET | Tiedote
EI JULKISTETTAVAKSI TAI LEVITETTÄVÄKSI, KOKONAAN TAI OSITTAIN, SUORAAN TAI VÄLILLISESTI YHDYSVALLOISSA, AUSTRALIASSA, KANADASSA, HONGKONGISSA, JAPANISSA, UUDESSA-SEELANNISSA, ETELÄ-AFRIKASSA TAI SINGAPORESSA TAI MISSÄÄN MUUSSA MAASSA, JOSSA JULKISTAMINEN TAI LEVITTÄMINEN OLISI LAINVASTAISTA.
The Finnish Financial Supervisory Authority has approved GRK Infra Plc's Finnish language prospectus20.3.2025 19:00:00 EET | Press release
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR SINGAPORE, OR ANY OTHER JURISDICTION IN WHICH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
GRK Infra Oyj julkistaa suunnitellun listautumisantinsa merkintähinnan ja lisätietoa sen osakkeiden listaamisesta Nasdaq Helsingin pörssilistalle20.3.2025 15:15:06 EET | Tiedote
EI JULKISTETTAVAKSI TAI LEVITETTÄVÄKSI, KOKONAAN TAI OSITTAIN, SUORAAN TAI VÄLILLISESTI YHDYSVALLOISSA, AUSTRALIASSA, KANADASSA, HONGKONGISSA, JAPANISSA, UUDESSA-SEELANNISSA, ETELÄ-AFRIKASSA TAI SINGAPORESSA TAI MISSÄÄN MUUSSA MAASSA, JOSSA JULKISTAMINEN TAI LEVITTÄMINEN OLISI LAINVASTAISTA.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom