Lithuania-Poland-Russia ENPI Cross-border Cooperation Programme 2007-2013
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THE WORKS CONTRACT REGARDING CONSTRUCTION OF PANEMUNE TOWN EASTERN BY-PASS WAS SIGNED ON THE 10TH OF JULY 2013

2013-07-10
Lithuanian Road Administration under the Ministry of Transport and Communication has signed works contract with Joint Stock Company “LATVIJAS TILTI” (responsible partner of the group of economic entities, which consist of JSC “LATVIJAS TILTI” and JSC “Kauno keliai”) on the 10th of July, 2013, after implementation of public procurement procedure. The value of the works contract amounts to 70,066 million Litas (20,293 million Euros) excluding V.A.T., and V.A.T. paid to the budget of the Republic of Lithuania amounts to 14,714 million Litas (4,261 million Euros). The project “Construction of Panemune and Sovetsk by-pass with a bridge over Neman River” is co-financed with the fund of the Lithuania-Poland-Russia ENPI Cross-border Cooperation Programme 2007-2013, the grant amounts to 34,528 million Litas (10 million Euros).

According to the contract the following works will be carried out: construction of 4 km long Panemunė town eastern by-pass from 183,90 to 187,90 km of the road E77 (A12) Ryga-Šiauliai-Tauragė-Kaliningrad, construction of 0,463 km long fly-over the old water course of the river Neman and construction of 0,085 km long bridgehead ensuring connection with new bridge over the river Neman, which will be build by the Russian Federation. Works should be carried out in smooth cooperation between responsible institutions of both states and their selected contractors.
Seimas of the Republic of Lithuania has ratified the agreement with the Russian Federation regarding construction of the bridge over the Neman and its accesses on the 17th of October, 2012.
The project internal rate of return is 41,88 %. Expected end of the works is October 2014.




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