The Vilnius City Council on Wednesday finalized preparations for the tender for the national stadium concession. Mayor Remigijus Šimašius says the tender would be called shortly to pick a consortium to build and manage the stadium.
© DELFI / Šarūnas Mažeika

"The terms and conditions are very clear and transparent, put together as a result of a series of consultations. We put the economic aspect first, the size of the stadium and the experience of operation, even design and acceptability for the city," Šimašius told journalists.

He expects the construction to be finished in a few years, if the preparations and the selection of the concession company goes well.

Jūratė Juozaitienė, spokeswoman for the prime minister, has told BNS that seven foreign companies, including Germany's Siemens, France's Vinci Concessions and Poland's Budimex, have expressed interest in becoming the operator of the multifunctional complex.

The Vilnius municipality expects to select the concession company and sign a contract next March. Investment in the object will total €88.4 million, including some of the money earmarked by the EU.

The stadium next to Akropolis shopping mall in Vilnius was started in 1987 and conserved in 1993. After investing further €33.6 million in the project in 2008, the construction work was dropped due to shortage of funds.

It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Leave a comment
Commenting is allowed for registered users only!
By posting, you agree to terms
Read comments Read comments

Vitas Vasiliauskas: the matter of income inequality will become only more acute next year

The cabinet’s tax and public sector policy is not contributing to resolving income inequality...

CityBee is set to join European car-sharing leaders with a 110 mln EUR investment in major fleet upgrade

CityBee Solutions, which operates car-sharing services in Lithuania and Poland, today announced an...

A new money transfer startup goes to market donating its income for social campaign

Due to the growing financial awareness of the people, alternative money transfer platforms are coming...

D. Grybauskaitė: the EU will owe us

Lithuanian farmers will not receive the sort of direct grants from the EU as were promised already...

Revolut turns new page with Lithuania-facilitated banking license

Today, Revolut together with the Bank of Lithuania have announced that the challenger bank received...