Published: 2019-04-23 08:00:00 CEST
Nordecon
Company Announcement

Construction contract (Kernu bypass)

AS Nordecon and the Estonian Road Administration entered into a contract for construction works on Kernu bypass at kilometres 37-42 of national road no. 4, the Tallinn-Pärnu-Ikla Road, and the junctions at the Kernu filling station and Haiba. The project includes construction of the pavement, construction of embankments, construction of utility networks, culverts and drainage, construction of overpasses, planting of greenery, installation of traffic control devices, as well as laying of asphaltic concrete. Cycling and pedestrian tracks will be built for pedestrians.  

The works cost 11.616 million euros plus value added tax. The construction works on Kernu bypass will last 20 months and will be completed by the end of 2020.

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