New superministry will cost taxpayers €175,000 rent a month ({{commentsTotal}})

The construction site of the new government building in Tallinn. Source: (Rene Suurkaev /ERR)
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Business

The new government building currently under construction in the center of Tallinn will house four ministries — and cost about €175,000 a month.

Daily Postimees wrote on Tuesday that the rent for 20 years the government would pay for the building would amount to some €42m. This included maintenance services and repairs.

According to the state’s real estate company, Riigi Kinnisvara AS (RKAS), the building will still save the government around €7m over the coming decade, compared to what continuing with four different buildings would cost.

On top of the rent, the taxpayer will also have to take care of all of the superministry’s bills, like paying for the interior, all the office supplies needed to work in it, electricity, water, security, and so on, expected to clock in at some €48m over the next 20 years.

Through its subsidiary 2Torni OÜ, developer Fund Ehitus will pay RKAS €5.7m for the rights to use the building, which means a total cost to the state of €84.3m over the next 20 years, of which the rent makes up €42m.

The building on the corner of Pärnu mnt, Suur-Ameerika and Väike-Ameerika is expected to be completed in summer 2017 and will house the Finance Ministry, the Ministry of Justice, the Ministry of Social Affairs, and the Ministry of Economic Affairs and Communications.

Editor: Editor: Dario Cavegn



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