Construction contract in Lithuania (Radisson Blu Hotel Lietuva extension in Vilnius)


Tallinn, Estonia, 2016-06-30 15:30 CEST (GLOBE NEWSWIRE) --  

 

On 30 June 2016, UAB Merko Statyba, part of AS Merko Ehitus group, has entered into a contract with UAB Viešbutis Lietuva, to perform the design and construction works of Radisson Blu Hotel Lietuva extension in Vilnius, starting with Phase 1.

The scope of works includes the turnkey design and construction works of new 8 floors building with 2 underground floors for parking. The project will be executed in 2 phases: Phase 1 – Design and approvals; Phase 2 – Hotel extension construction works.

The total contract value is approximately 15.7 million euros, plus value added tax. Phase 1 is scheduled to complete in December 2016, the employer’s approval for Phase 2 is expected in December 2016, and Phase 2 is scheduled to complete in 1 quarter of 2018.

UAB Merko Statyba (www.merko.lt) is Lithuanian construction company, which offers construction services in the fields of general construction and residential construction.

Additional information: UAB Merko Statyba, Member of Management Board, Mr. Jaanus Rästas, phone: +370 5210 5330.

 

Merit Kullasepp
Communication and Marketing Manager
AS Merko Ehitus
Phone: +372 650 1250
E-mail: merit.kullasepp@merko.ee

 

AS Merko Ehitus (group.merko.ee) consists of Estonia’s leading construction company AS Merko Ehitus Eesti, the Latvian-market-oriented SIA Merks, UAB Merko Statyba that is operating on the Lithuanian market and the real estate development business unit along with real estate holding companies. As at the end of 2015, the group employed 791 people and the company’s 2015 revenue was EUR 251 million.