Kauno tiltai has a new contract!

Our Lithuanian subsidiary AB Kauno Tiltai has concluded a contract with the Lithuanian Road Administration for the construction works under the project entitled 'Reconstruction of the A1 motorway section Vilnius - Kaunas - Klaipeda from km 99.03 to 100.47 (middle bridge over the Neris River)', which consists in the reconstruction of the middle bridge over the Neris River.

The contractor will be required to carry out the reconstruction of the middle bridge over the Neris River in the course of the A1 motorway, i.e. demolition of the old bridge and construction of the new one. The construction work will be carried out in accordance with the technical design and building permit provided by the client.

The planned time for completion of the works is 23 months from the entry into force of the Contract, i.e. after it has been signed by the parties and the contractually required securities have been established. The value of the contract in question is EUR 56.5 million, i.e. over PLN 270 million.