Construction contract (Ääsmäe-Kohatu 2+1 passing lanes)


AS Nordecon and the Estonian Road Administration signed the contract for the construction of passing lanes with U-turns on Tallinn-Pärnu-Ikla road, at Ääsmäe-Kohatu section. Solutions for local traffic will also be completed on this 9 kilometer section together with an ecoduct and a new Kernu bridge. Additionally, Nordecon will carry out the design works of an U-turn relocation project, do the surface material calculations and strength calculations of the ecoduct. Also, the contract includes surface dressing for approximately 70 000m² of secondary roads.

The value of the works is 11.2 million euros, excluding VAT. The construction works will be completed by the end of November 2017.


Nordecon (www.nordecon.com) 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, Finland and Sweden. 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 2015 was 145.5 million euros. Currently Nordecon Group employs close to 700 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
         E-mail: andri.hobemagi@nordecon.com
         www.nordecon.com