Nordecon AS signed a construction contract with Järva County Vocational Training Centre (Järvamaa Kutsehariduskeskus). The contract is for building a new student dormitory and mess hall. The closed area of the new buildings is approximately 4,000 square meters. The dormitory consists of 112 rooms and is for approximately 220 students. The project is co-financed by European Union European Regional Development Fund.
The value of the contract without client’s reserve (10 per cent) is 3.1 million euros excluding VAT.
Works begin in March 2011 and end in January 2012.
Nordecon is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, Ukraine and Finland. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. In addition to the parent company, there are more than 10 subsidiaries in the Group. The consolidated revenue of the Group in 2010 was 99.3 million euros. Currently Nordecon Group employs nearly 700 people. Since 18 May 2006, the company's shares have been quoted in the main list of the NASDAQ OMX Tallinn Stock Exchange.
Raimo Talviste
Nordecon AS
Head of Finance and Investor Relations
Tel: +372 615 4445
Email: raimo.talviste@nordecon.com
www.nordecon.com