2005 - 2006 - Pinsent Masons Water Yearbook 2012

ESTONIA PART 2: COUNTRY ANALYSIS
Municipal wastewater 1999
Total discharge (million m³) 282
Connected to sewerage 70%
No treatment 1%
Primary 1%
Secondary 32%
Tertiary 69%
Groundwater
Annual availability (2000) 4.0km 3
Per capita 2,865m 3
Privatisation – Tallinna Vesi
The municipality of Tallinn sold a 50.4% holding in Tallinna Vesi (Tallinn Water) via 28 million shares
currently held and 30 million new shares (for a minimum) to UU and Bechtel in October 2000.
International Water and United Utilities bought the stake in Tallinna Vesi for KR1.3 billion (US$78.22
million). In 2003, UU bought out Bechtel’s stake. In 1994, the EBRD provided €23 million out of a
€48 million loan package for the construction of a sewage treatment works in Tallinn, which was
constructed by Degrémont (Suez). The EBRD and DEPFA Investment Bank Ltd syndicated an €80
million loan to Tallinna Vesi to a group of western European banks in March 2003. The loan will help
Tallinna Vesi meet EU standards for water and wastewater services.
Private sector contracts awarded (Please see the relevant company entry for details)
Location Contract Company
Tallinn 30 year water & wastewater concession AS Tallinna Vesi
A local issue – Tallinna Vesi
In June 2005, 30% of AS Tallinna Vesi was floated on the Tallinn Stock Exchange. UU Tallinn
continues to hold 35.3% and the City of Tallinn, 34.7%.
Private sector company operations (Please see the relevant company entry for details)
Company Parent company (country)
Population served
Water Sewerage Total
AS Tallinna Vesi UU (UK) 405,000 405,000 405,000
87 Pinsent Masons Water Yearbook 2005 – 2006