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Thursday, 28.03.2024, 15:48
Lithuanian Government greenlights police infrastructure PPP projects in Kaunas and Panevezys
In accordance with the feasibility studies conducted for the
projects, private partners are expected to design, build, finance and maintain
the police stations for 15 years. 3 years of the total project duration has
been allotted for design and construction, while the remaining 12 years will be
dedicated to the maintenance of the buildings.
The New police station complex in Kaunas will encompass an
administrative building of 6 665 sq. m. and additional premises of
1 300 sq. m. The new police station complex in Panevezys, meanwhile, will
encompass an administrative building of 7 500 sq. m., a police custody
building of nearly 1 000 sq. m., 880 sq. m. of garages and 2 700 sq.
m. of secured parking. The expected CAPEX is set at €12.4 million for the
Kaunas project and €14.8 million for the Panevezys project.
“The Lithuanian Police Department has a track record of
successfully closing pilot PPP projects of a similar scope in Vilnius. I am
confident that the Police Department will effectively apply their accumulated
knowledge and lessons learned from their previous experience in PPP. And I
believe that this will lead to defined, swift and efficient tendering
procedures.” Says Tadas Jagminas,
Director of the Project Management Department at Invest Lithuania.
Draft tender documents are under preparation and interested
parties are invited to the Information day which will be held at the Police
Department in Vilnius on 3rd of February. The tender is
expected to be launched in Q2 this year.
At the beginning of last year, the Vilnius Police
Infrastructure PPP, which was initiated by the Police Department, reached
financial close. The total value of the Vilnius Police Infrastructure project
is €56 mln, and it will run for 18 years. The contract has been signed with Pilies Projektai, a subsidiary of the
Lithuanian real estate development company MG Valda.
Invest Lithuania is a Lithuanian government
agency that provides free advice and introductions to on the ground experts for
global companies interested in doing business in Lithuania. The agency serves
as a point of contact for foreign companies and guides international businesses
through every step of the process of setting up operations in Lithuania. Invest
Lithuania prepares and facilitates PPP infrastructure investment projects
initiated by central and local governments, advises investors on the
preparation and participation in PPP projects, and provides information and
ongoing communications support