The Lithuanian Court of Appeals on Thurday gave a green light to the concession tender of the National Stadium in Vilnius.
Vilnius National Stadium
© DELFI / Šarūnas Mažeika

The Lithuanian capital's municipality says the ruling will allow seeking successful implementation of the project.

At the beginning of March, a Vilnius court suspended procedures of the tender of the national stadium after company Vilniaus Nacionalinis Stadionas filed a suit against the decision of the tender commission to reject its bid. The company's bid had been rejected, as it submitted it in a sealed envelope instead of via a public procurement system, as stated in the tender conditions.

The Vilnius municipality together with the Sports Department representing the government seeks to continue the talks with the only remaining participant of the tender, a group headed by engineering product and solutions company Axis Industries operated by Icor concern.

Axis Industries along with Venetus Capital, Kauno Arena and architect companies Populous and Cloud Architektai have offered to build the complex for 79.9 million euros.

Signing of the 25-year concession contract is planned for the summer of 2019.

BNS
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