Published: 2020-05-12 12:51:37 CEST
Merko Ehitus
Company Announcement

Construction contract in Estonia (first stage of southeast border construction)

On 12 May 2020, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and AS GRK Infra entered into a contract with Estonian Police and Border Guard Board to design and construct the infrastructure of the Republic of Estonia’s southeast land border. On 23 March 2020, AS Merko Ehitus released a separate stock exchange announcement regarding the preferred bidder status (https://www.nasdaqbaltic.com/statistics/et/news/311906).

The contract includes infrastructure construction works on a 23.5-kilometre border segment in Võru County. The border segment will be built from the meeting point of the borders of Estonia, Latvia and Russia until Tserebi village on the south shore of Lake Vanigõjärv, 3.5 kilometres north of Luhamaa border inspection point. AS Merko Ehitus Eesti will be the leading partner in the contract.

The contract value is approximately EUR 14.7 million, plus value added tax. The works are scheduled to be completed in April 2023.

AS Merko Ehitus Eesti (merko.ee) is Estonian leading construction company, which offers construction services in general construction, civil engineering, road, electrical and residential construction.

Additional information: AS Merko Ehitus Eesti, Member of Management Board, Mr. Veljo Viitmann, phone: +372 680 5105.

Priit Roosimägi
Head of Group Finance Unit
AS Merko Ehitus
+372 650 1250
priit.roosimagi@merko.ee

AS Merko Ehitus (group.merko.ee) group consists of AS Merko Ehitus Eesti in Estonia, SIA Merks in Latvia, UAB Merko Statyba in Lithuania and Peritus Entreprenør AS in Norway. Besides providing construction service as a main contractor, the group’s other major area of activity is apartment development. As at the end of 2019, the group employed 694 people, and the group’s revenue for 2019 was EUR 327 million.