Tallinn, Estonia, 2013-04-18 08:17 CEST (GLOBE NEWSWIRE) -- Nordecon AS and Estonian Ministry of Defence signed a contract for the design and construction of the academic building and equipment warehouse expansion for the Non-commissioned Officer’s School of the Estonian National Defence College. The new building has 13 classrooms, 32 work spaces for personnel and accommodation facilities for 250 students. The closed net area of the building and warehouse expansion is approximately 4,720 and 1,240 square meters respectively.
The contract value without the reserve (10%) for unexpected works is approximately 4.0 million euros, excluding VAT. The works begin in May 2013 and end in December 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