Estonia, Tallinn, 2012-12-20 15:00 CET (GLOBE NEWSWIRE) --
On 20 December 2012 two agreements were signed between AS Merko Infra (a company in the AS Merko Ehitus group) and water utility AS Narva Vesi on renovation and expansion of the city of Narva-Jõesuu’s public water supply and sewerage pipelines (public procurement no. 129551 and 129574, respectively; “Part 1 and Part 2 of the design and construction work for the Narva-Jõesuu Public Water Supply and Sewerage Pipelines, their renovation and expansion“). In the course of the construction work, 40 kilometres of public water and sewerage pipes will be renovated and established, three waste water pump stations will be built and two will be renovated.
The value of the contracts totals EUR 8.76 million, which is distributed between the agreements as follows: Part 1 with a value of EUR 4.67 million (construction deadline in March 2015) and Part 2 with a value of EUR 4.09 million (construction deadline October 2014). The value of the agreements does not include the contracting party’s 5% reserve and the value-added tax to be charged on the amount.
More information: Arno Elias, phone +372 680 5105
Marko Pern
Financial Specialist
+372 650 1254
marko.pern@merko.ee