Tallinn, Estonia, 2011-02-01 09:00 CET (GLOBE NEWSWIRE) -- Nordecon AS signed a construction contract with Kohila Maja OÜ for the building and reconstructing of small town Kohila’s water and waste water network. New and reconstructed pipelines’ total length is approximately 56 kilometres. The project is co-financed by European Union Cohesion Fund.
The value of the contract is 5.15 million euros excluding VAT.
Works begin in February 2011 and end in November 2012.
Nordecon 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 and Finland. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. In addition to the parent company, there are more than 10 subsidiaries in the Group. The consolidated revenue of the Group in 2009 was 155 million euros. Currently Nordecon Group employs nearly 750 people. Since 18 May 2006, the company's shares have been quoted in the main list of the NASDAQ OMX Tallinn Stock Exchange.
Raimo Talviste
Nordecon AS
Head of Finance and Investor Relations
Tel: +372 615 4445
Email: raimo.talviste@nordecon.com
www.nordecon.com