Tallinn, Estonia, 2014-02-06 07:30 CET (GLOBE NEWSWIRE) -- Nordecon AS and Estonian Road Administration signed an agreement for the reconstruction works of state road no. 44 Aovere-Luunja on kilometers 0.00-11.35.
The value of the contract without the reserve for the unexpected works (5%) is 3.67 million euros. The works begin in April 2014 and end in November the same year.
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 2012 was 159.4 million euros. Currently Nordecon Group employs more than 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