Nordecon AS and Estonian Road Administration signed an agreement for the pavement works in Võru and Põlva counties on seven different road sections. The pavement will be reconstructed on Tallinn-Tartu-Võru-Luhamaa road between kilometers 220.9 to 230.8 and 249.6 to 260, as well as on Võru-Põlva road between kilometers 0.7 and 5.2.
The value of the contract 3.8 million euros, excluding VAT. The works begin in May 2015 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 2014 was 161 million euros and net profit 2.3 million euros. Currently Nordecon Group employs more than 710 people. Since 18 May 2006 the company's shares have been quoted in the main list of the NASDAQ OMX Tallinn Stock Exchange.
Andri Hõbemägi
Nordecon AS
Head of Investor Relations
Tel: +372 6272 022
Email: andri.hobemagi@nordecon.com
www.nordecon.com