Ferry operator Tallink and shipbuilder Rauma Marine Constructions have signed a letter of intent for the construction of a new Ro-Pax ferry for the Tallinn-Helsinki route.
The estimated cost of the project is approximately €250 million (US$286.63 million).
The construction of the new vessel will begin in 2020 is expected to be completed by the end of 2021.
The vessel will be dual fuel operated, using LNG as its main fuel, and will have a 2,800-passenger capacity as well as deck space for motor vehicles.