Construction contract (Tartu eastern roundabout)

Nordecon 

26.04.2012 09:15
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Nordecon AS and City Council of Tartu signed a contract for the design and
construction works for the Tartu's eastern roundabout's first construction
area. 

Tallinn, Estonia, 2012-04-26 09:15 CEST (GLOBE NEWSWIRE) -- Nordecon AS and
City Council of Tartu (city situated in southern part of Estonia) signed a
contract for the design and construction works for the Tartu's eastern
roundabout's first construction area. The works include the design and
construction of 2+2 lane Ringtee Street. The length of the street with ramps is
approximately 3 kilometers with 6 kilometers of adjacent light traffic roads.
The length of the viaduct is 77 meters. Construction of multiple networks
(collection of rainfall etc.), roadside lighting and reconstruction of power
lines are included in contractual works. 

The contract value without the reserve of unexpected works is 13,955,380 euros,
excluding VAT. The works begin in spring 2012 and depending on the contractual
commencement date last for 21 months. 



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 (unaudited) of the
Group in 2011 was approximately 150 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
News Source: NASDAQ OMX



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Language:     English
Company:      Nordecon
              
               
              Estonia
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Fax:          
E-mail:       
Internet:     
ISIN:         EE3100039496
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