Tallinn, Estonia, 2012-10-23 10:49 CEST (GLOBE NEWSWIRE) -- Nordecon AS and OÜ Järve Biopuhastus signed a contract for the construction of Kiviõli town water and sewage network (part 1). The total length of the water and sewage pipelines under construction is approximately 20.4 kilometers. In addition nine new sewage water pumping stations will be built.
The contract value without the reserve (5 per cent) for unexpected works is approximately 4.3 million euros, excluding VAT. The works begin in November 2012 and last for nine months.
Nordecon is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructure segments. 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, the Group includes more than 10 subsidiaries. The Group’s consolidated revenue for 2011 was 147.8 million euros. Currently, Nordecon Group employs more than 700 people. Since 18 May 2006 the parent 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