Estonia’s Port of Tallinn is to construct a timber terminal in the south port of Paldiski as part of a 4.6bn kroon (€294m) investment programme over the next four years.

The company, which will also construct a coal terminal and oil wharf at Muuga, seeks to minimise risks by widening the range of goods handled.

Total handling of goods is intended to reach 65 million tons a year by 2010, with turnover increasing to 1.3bn kroons and profits to 480m kroons.