Lemminkäinen to reconstruct Via Baltica in Lithuania
LEMMINKÄINEN CORPORATION INVESTOR NEWS 11 AUGUST 2017 AT 08:30 A.M.
LEMMINKÄINEN TO RECONSTRUCT VIA BALTICA IN LITHUANIA
A consortium between Lemminkäinen and Fegda, Eurovia Lietuva, Tilsta and Hidrostatyba and Lithuanian road administration have signed an agreement for reconstruction of the road A5 (Kaunas–Marijampolė) in Southern Lithuania. The work will begin in the end of August 2017 and it will be completed by the end of July 2018 (winter period from 15th of December till 15th of March excluded). The value of the contract in total is around 42.6 million euros, of which Lemminkäinen's share is approximately 17 million euros.
The contract includes reconstruction of 11.68 kilometres of road, including earthworks, paving and underground networks as well as reconstruction of intersections, viaducts and acoustic walls.
The project is a part of the Lithuania‘s project Development of Transeuropean network road E67, known as Via Baltica.
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Lemminkäinen is an expert in complex infrastructure construction and building construction in Northern Europe and one of the largest paving companies in its market. Together with our customers and 4,700 professionals we employ, we build a sustainable society. In 2016, our net sales were EUR 1.7 billion. Lemminkäinen Corporation’s share is quoted on Nasdaq Helsinki Ltd. www.lemminkainen.com