The impact of structural funds of 2007-2013 on the regional development of Estonia

During the last EU budgetary period, Estonia used three billion euros worth of structural funds, i.e. aid from the European Regional Development Fund, Social Fund and the Cohesion Fund. PRIA, the Estonian Agricultural Registers and Information Board, received just over one billion euros of EU assistance funds for agricultural and rural development. This means approx 2300 euros worth of aid per person over a seven-year period. The biggest amount of structural aid per inhabitant went to Järva and Tartu counties, smallest amounts to Põlva and Jõgeva counties.

Client:

Ministry of Finance

Implementation period:

2015

Valuation of BLRT B-stock

The valuation of a security can be quite complicated, especially if it is not publicly traded and the circumstances of the transaction are non-standard. In this analysis we estimated the fair value of BLRT (a multinational company dealing mainly with ship building, repairing and manufacturing of large steel constructions) B-stock, taking into account that the owner of this stock was a minority shareholder with no control over the company, the buyer of the stock belongs to a group of people controlling the activities of BLRT and the stock of BLRT is not publicly traded.

Client:

Law Firm SORAINEN

Implementation period:

2013

The Cost-Benefit Analysis of the Renovation of Türi-Viljandi Railroad Section

Rail transportation is often problematic in Estonia because the number of inhabitants in settlements is small and unsubsidised rail transport is generally not profitable when measured purely in monetary terms. The aim of this project was evaluate whether it is socio-economically cost effective to bring the railroad infrastructure in the Türi-Viljandi railroad section belonging to Edelaraudtee Infrastruktuur AS into accordance with current requirements and increase the maximum passenger train speed to 120 km/h in this section.

Client:

ASI Consult OÜ

Implementation period:

2010

Guaranteeing Safety in the Operating Area of Passenger Trains – Socio-Economic Cost-Benefit Analysis

This analysis was composed for assessing the  socio-economic cost-benefit of train stop reconstruction and bringing waiting platforms up to standard. The purpose of the investments was to guarantee better safety and convenience for passengers and pedestrians crossing the railroad, and making passenger train transport more attractive to current non-users.

Client:

ASI Consult OÜ

Implementation period:

2009

The Reconstruction of Contact Networks on Electric Railroad Lines – Socio-Economic Cost-Benefit Analysis

The maintaining of electric trains does not only assume the renovation of the train park but also the infrastructure. The purpose of this investment project was to renovate the contact network and by that continue the existence of electric train operation in Estonia. The normative time of exploitation for contact networks is 40 years but the existing contact network on Tallinn – Paldiski and Keila-Vasalemma lines was built already between 1958-1964. Our objective was to assess the socio-economic cost-benefit of this project.

Client:

ASI Consult OÜ

Implementation period:

2009