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Friday, 29.03.2024, 08:37
Lithuania Tenders Vilnius Multifunctional Hub Concession
Originally envisioned as a national stadium, the Government
of Lithuania and Vilnius city council revised the goals of the project
substantially in 2013, redefining it as a multifunctional hub. Since then, a
new concept has been prepared. The revised scope of the project includes
an approximately 15,000 seater stadium, up to 1,500 square meters of space for
a sports museum, and other educational and sports facilities. Under a 25-year
concession agreement, the concessionaire will be responsible for designing,
building, maintaining, operating and providing event planning services for
public cultural events, alongside other events.
A total capital investment of approximately €88.4 M
(including VAT) is envisaged for the project, with approximately 35% of this
expected to come from EU structural funds. Additionally, the Government has
capped the present value of its contribution related to the project at 53.4 M
euros (including VAT).
Prior to
the launch of the tender, a number of public consultations were held with the
intention to discuss and potentially improve and clarify the conditions of the
project for the potential bidders.
The tender documents have been published and can be found at
the Vilnius Municipality webpage (http://www.vilnius.lt/index.php?1976970603).
The deadline for submission of participation requests for the Vilnius
Multifunctional Hub tender is the 7th of October 13:00.
The Procuring authorities expect to have completed the
concession tender process and signed a three-part concession agreement with a
preferred bidder by the third quarter of 2018.
”Lithuania has successfully implemented many service
concessions in the recreation, sports and entertainment sectors. Such
experience shows that we are ready to forge ahead and apply this model to
larger projects that are already attracting interest from numerous
international investors,” says Tadas Jagminas, Director of the
Project Management Department of the foreign investment development agency
Invest Lithuania. The agency acted as a public sector consultant who helped to
structure the new project concept and later provided consultations on the
preparation of concession tender documentation.