Capital expenditures budget of AS Tallinna Vesi for 2008 is 433 million kroons

In 2008 the capital expenditures budget of AS Tallinna Vesi is 433 million      
kroons, which is almost 150 million kroons more than in 2007.                   

This is the largest investment programme throughout the years, the main focus of
which has been aimed at the development of public water supply and sewerage     
system in the capital.                                                          
In 2008 approximately 340 million kroons shall be invested in the construction  
of new water and sewerage pipeline and in the renovation of existing networks.  
Altogether more than 32 kilometres of water and sewerage pipeline and           
approximately 13 kilometres of storm water pipeline shall be constructed.       

“Although 97% of the residents of the capital are already today consuming the   
services of public water supply and sewerage system, the investments are        
necessary above all in order to minimise the potential risk to environment      
resulting from setting tanks and to complete the construction of public water   
supply and sewerage system in the areas established earlier within the Tallinn  
Public Water Supply and Sewerage Network Development Plan approved by Tallinn   
City Government by the end of March 2011, ” says Roch Chéroux, the Chairman of  
the Management Board of AS Tallinna Vesi.                                       

It has been planned to construct the majority of new water, sewerage and storm  
water pipeline in the areas of Nõmme, Lilleküla, Veskimetsa and Pirita, thus    
providing the customers with the opportunity to connect to the public water     
supply and sewerage system.                                                     

More than 62 million kroons from the overall investments shall be aimed at the  
continuous improvement of the quality levels of water production and wastewater 
treatment of the capital.                                                       
This amount includes the reconditioning of the Ülemiste sanitary protection     
zone, the renovation of the equipment in the Water Treatment Plant and the      
Wastewater Treatment Plant and the continuous improvement of the sludge         
treatment process.                                                              

“In addition to the construction of pipeline the company has an obligation to   
continuously maintain a high level of the quality of services. The results of   
drinking water analyses carried out in 2007 confirmed the achievement of the    
best ever quality of drinking water in the capital. This is also demonstrated by
the results of the survey carried out by TNS Emor, which shows that the index   
indicating customer satisfaction has increased from 73 to 79 in the scale of    
100-poins, which rates the company in the top 10% of world utilities,“ explained
Chéroux.                                                                        

Last year the company invested more than 285 million kroons in the development  
of the public water supply and sewerage system of the capital.                  

AS Tallinna Vesi is the largest water utility in Estonia providing drinking     
water and wastewater disposal services to approximately one third of the people 
of Estonia. AS Tallinna Vesi shares are listed on the main list of the Tallinn  
Stock Exchange.                                                                 


Additional information:                                                         
Reigo Marosov                                                                   
Head of Communications                                                          
AS Tallinna                                                                     
Vesi                                                                            
Phone +372 6262 209