AS Nordecon and the Estonian Road Administration signed a contract for the reconstruction of two road sections – Missokülä-Hindsa section on kilometres 209.2-216.9 of the Main Road No. 7, Riga-Pihkva, and a 2-kilometer section in the Misso small town. During construction, the road embankment will be repaired, a new drainage layer will be built, ditches will be cleaned, old ones will be repaired, and new culverts will be built. The new pavement is a double-layered asphalt concrete cover on a complex stabilized base. The section in Misso small town will be illuminated. 1.5 km of foot and bike paths will be built, and the Misso car park will be reconstructed. New traffic control devices will be installed and bus stops will be reconstructed.
The cost of the works is 5.7 million euros plus VAT. Missokülä-Hindsa construction works will last for 7 months and will be completed November 2019.
Nordecon (www.nordecon.com) is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, Ukraine, Finland and Sweden. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. The consolidated unaudited revenue of the Group in 2018 was 223 million euros. Currently Nordecon Group employs close to 690 people. Since 18 May 2006 the company's shares have been quoted in the main list of the NASDAQ Tallinn Stock Exchange.
Andri Hõbemägi
Nordecon AS
Head of Investor Relations
Tel: +372 6272 022
E-mail: andri.hobemagi@nordecon.com
www.nordecon.com