Tallink to take loan of EUR 25 million


The soon-to-be-completed Baltic Princess will replace the cruise ship Galaxy on the route between Tallinn and Helsinki. Last Friday, the European Investment Bank decided to give a loan of EEK 391 million (EUR 25 million) to Tallink Group to finance the M/S Baltic Princess, which is being built by the Aker Yards shipyard in Finland at a total cost of EEK 2.5 billion. The ship should start cruising on Tallinn-Helsinki already this summer, replacing the Galaxy, which will be used for Turku-Stockholm. The Baltic Princess, which has a capacity of 2,800 passengers, will be one of the largest cruise ships on the Baltic Sea. It will be able to reach a speed of 24.5 knots.


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