The city of Vilnius plans to renovate the old, Soviet-style conference centre – currently unfit for use – to create a modern multi-purpose centre by the end of 2017. The building’s architecture will remain unchanged and no new structures will be added. Ownership of the building will be transferred from Siauliu Bankas to Turto Bankas (Property Bank), which will coordinate the Public-Private Partnership (PPP) tenders. The renovation project, estimated value about 12 million euros, will be part-funded by the European Structural Funds.
Plans are also under way to build a new national stadium and a multi-purpose health, education and sports culture centre in the Ozas district, for an estimated cost of 94 million euros. Work should be completed in late 2017, with the opening planned for 2018. This too will be a PPP project. An ad hoc working group has been set up to decide on the use and size of the centre, while a call for proposals for the design could be announced by the end of April 2015. The tender itself is planned for early 2016.
Source: infoMercatiEsteri. More economic news, in Italian, from Switzerland, Azerbaijan, China, the USA, Thailand, Kuwait and Cyprus.