Tallinn, Estonia, 2011-05-02 10:30 CEST (GLOBE NEWSWIRE) -- Nordecon AS signed a construction contract with Estonian Ministry of Defence for the construction of auxiliary buildings and infrastructure in Ämari flight base. The buildings include hangars, garage and workshop for vehicles, medical center, terminal for military personnel, warehouse for cargo and storage facility for nitrogen and oxygen. The net area of buildings is approximately 7,200 square meters. The construction of infrastructure includes surface layers of 66,000 square meters (incl. asphalt layer of 51,000 square meters). Total length of pipelines (water, drainage etc.) is 10,000 running meters.
The construction of NATO’s infrastructure projects is co-financed by NATO Security Investment Program (NSIP).
The value of the contract without client’s reserve is 10.85 million euros, excluding VAT.
The works begin in May 2011 and per plans last for 11 months.
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