Sorainen has advised EIB on financing a project related to the modernization of tracks and signaling and traffic control systems of Estonian Railways.
According to Sorainen, "the European Investment Bank has entered into a 25-year loan agreement with the Estonian state railway infrastructure company Eesti Raudtee in the sum of EUR 95 million. Eesti Raudtee will use the support to modernize most of the traffic management systems of the Estonian railway infrastructure, as well as to automate traffic management. All upgrades will be carried out on the TEN-T network, including the North Sea-Baltic corridor."
Sorainen reports that it "advised EIB in the first phase of the financing by analyzing the legal status of the borrower and the legal and regulatory framework in which the borrower operates."
Sorainen's team included Partner Kaupo Lepasepp and Senior Associates Monika Tomberg and Kaspar Endrikson.