Arco Ehitus OÜ, a 100% subsidiary of Arco Vara AS with joint partners Wesico Project OÜ and YIT Ehitus AS, signed an agreement to design and construct drinking water system and drainage pipe system of Jõgeva and Puurmanni parish, basin of rivers Põltsamaa and Pedja. Contract volume is 44,17 mln kroons (2,8 mln euros) excluding VAT. The realization period for the works is 17 months. Arco Vara is one of the leading property development companies in the Baltic countries. The main activity of the company is property development, supported by real estate brokerage and valuation, construction and property management. The company has offices in 17 cities in Estonia, Latvia, Ukraine and Bulgaria. The group employs approx. 160 people. 1 EUR=15.6466 EEK Lembit Tampere Member of the Management Board Tel: +372 614 4630 info@arcovara.ee www.arcorealestate.com