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Construction contract in Lithuania (Radisson Blu Hotel Lietuva extension in Vilnius)

On 30 June 2016, UAB Merko Statyba, part of AS Merko Ehitus group, has entered into a contract with UAB Viešbutis Lietuva, to perform the design and construction works of Radisson Blu Hotel Lietuva extension in Vilnius, starting with Phase 1.

The scope of works includes the turnkey design and construction works of new 8 floors building with 2 underground floors for parking. The project will be executed in 2 phases: Phase 1 – Design and approvals; Phase 2 – Hotel extension construction works.

The total contract value is approximately 15.7 million euros, plus value added tax. Phase 1 is scheduled to complete in December 2016, the employer’s approval for Phase 2 is expected in December 2016, and Phase 2 is scheduled to complete in 1 quarter of 2018.