null Government: Transport Infrastructure Agency authorised to sell traffic management and control assets to Traffic Management Finland

Government: Transport Infrastructure Agency authorised to sell traffic management and control assets to Traffic Management Finland

Press release 10.12.2020 14.05 fi sv en

Ministry of Transport and Communications (Photo: Ministry of Transport and Communications)

On 10 December 2020, the Government authorised the Finnish Transport Infrastructure Agency to sell movable property under its possession related to traffic management and control to Traffic Management Finland Oy.

The transferred assets include systems and equipment related to traffic management and control services in road and rail transport.

The transfer is made at fair value. The price of the transferred assets amounts to around EUR 29.6 million. The assets will be transferred to Traffic Management Finland on 31 December 2020.

The sale is related to the incorporation of the traffic management and control services of the Transport Infrastructure Agency. These services were converted into a limited liability company as of 1 January 2019. The incorporated company has then become part of the Traffic Management Finland group that is responsible for the traffic management and control services for all transport modes. The services have been organised into subsidiaries according to the transport mode.

In addition to the assets transferred in connection with the incorporation, the Finnish Transport Agency had ongoing investment projects at the time of the incorporation, which also included traffic management and control services.

The government proposal submitted to Parliament on the incorporation and the decision by the Government plenary session of 5 December 2018 state that Traffic Management Finland has the primary right to redeem at a fair price from the Finnish Transport Agency the shares and assets related to traffic management and control services in unfinished investment projects after their completion in 2019–2022.

Since the provision of traffic management and control services was transferred to Traffic Management Finland in 2019, there are no reasonable grounds for a state agency to possess the property.

Inquiries:

Rita Linna, Senior Ministerial Adviser, tel. +358 295 342 559