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By 2025, Tallinn s net debt burden will increase to €331 million to finance long-term projects such as the building and renovation of Tallinn Hospital, Linnahall and Peterburi tee.
At the end of 2020, Tallinn s debt burden stood at €113.6 million but this will triple over the next three years, a budget strategy approved by the city government on Wednesday lays out. The strategy still needs to be approved by the city council.
The net debt ratio in Tallinn was 15 percent at the end of 2020 and will increase to 38 percent by 2025.
The strategy says loan capital of approximately €60-70 million per year will be raised to finance investment projects between 2022-2025.
The capital s hospitals are closing their coronavirus departments as the need for hospital care has significantly decreased compared to the peak or the pandemic. West Tallinn Central Hospital with continue to treat coronavirus patients.
In March, Tallinn hospitals opened new coronavirus departments and the ambulance was sending Tallinn residents across the county to other hospitals. But now, the situation has changed drastically. In the north region, the number of people needing hospital treatment has decreased drastically. When on the peak days, we had 525 patients in the north region hospitals, then the current number is 50, head of the northern medical staff Urmas Sule said.