 The new company was partially funded by the city and also received a long-term interest-free loan from the state.With total assets of 650,000 Finnish markkas (FIM) the company ordered a new icebreaker, designed by Swedish engineer C. Bagge, from the Howaldtswerke shipyard in Kiel, Germany.The total cost of the new vessel, christened "Avance", was FIM 616,000 and in many respects she resembled the first state-owned icebreaker, "Murtaja".