Narestas manager Arūnas Šlenys told BNS that the company has a contract, but did not give more details.
“All communication goes through the BaltCap Foundation, through the municipality. We build a fence, and if we build a fence, then we really have a contract”, said A. Šlenys.
A BNS photographer captured a fence with “Naresta” signs at the stadium construction site on Monday.
Šarūnas Stepukonis, the head of the “Vilnius multi-functional complex” company BaltCap, told BNS that the contractor will provide all the information: “The selected contractor will inform about it himself”.
Vilnius Mayor Valdas Benkunskas told BNS that he could not reveal more information because the municipality is not choosing the contractor.
“Check with the decision makers, this is pure BaltCap issue.” It is not the municipality that chooses, first of all this information must be confirmed by BaltCap, they sign contracts and choose contractors,” V. Benkunskas told BNS.
Last year, the contract for the construction of the stadium was already signed with the company “Veikmės statyba” – according to it, the company undertook to build the complex for 87 million. euros, but after receiving a building permit in May Š. Stepukonis told BNS that the price of the works increased to 120 million. euros.
The contract included the possibility of changing the contractor, so after Veikmės statyba offered a much higher price, BaltCap negotiated with other potential contractors.
Naresta received 48.7 million euros last year. EUR income – 12 percent. more than in 2021 (43.3 million euros) and earned 404.6 thousand. EUR net profit, or 13 percent. less (in 2021 – 463.8 thousand euros). The company states on its website that it is engaged in the construction, installation and modernization of various buildings.
98 percent The shares of “Vilnius Multipurpose Complex” are owned by “Venetus Capital”, a company indirectly controlled by “BaltCap”, 1 percent each. – Axis industries company of Icor concern and Kauno arena company.
According to the concession contract, 15,000 people meet UEFA standards. seats football stadium with a multifunctional sports complex near the shopping and entertainment center “Akropolis” should be built by April 2025.
According to the concession agreement signed in October 2021 and which entered into force last July, the municipality and the ministry are obligated to jointly finance more than 150 million. The value of the euro project should not increase.
The total value of the 25-year concession contract amounts to 280 million. euros – in addition to the obligations of the municipality and the ministry, another 120 million. The concessionaire should receive EUR 100,000 of income for the services provided throughout the duration of the contract.
The entire complex in Šeškinė will occupy more than 228,000 square meters. sq. meters area.
For the first time, the construction of the stadium near the Vilnius “Acropolis” began in 1987, and in 1993, the already built foundations and supporting structures were conserved. After investing another 33.6 million in the object in 2008. euros, the construction work then stopped due to lack of funding.
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#contractor #construction #National #Stadium #changing
**Interview with Arūnas Šlenys, Manager of Naresta**
**Interviewer:** Thank you for joining us today, Arūnas. There’s been a lot of discussion about the stadium construction project, particularly your recent involvement with the contract. Can you clarify Naresta’s current role in this project?
**Arūnas Šlenys:** Thank you for having me. As it stands, we do have a contract to work on this stadium project, but I must emphasize that all communications go through the BaltCap Foundation and the municipality. Our initial focus is on constructing a fence at the site to establish a presence as we start the project.
**Interviewer:** What can you tell us about the budget and any expected changes? There have been reports that the project’s costs have escalated significantly since last year.
**Arūnas Šlenys:** Indeed, the initial contract was signed last year with “Veikmės statyba” for around 87 million euros. But after we received the building permit, the projected costs increased to 120 million euros. This change highlights the necessity of finding reserves to stay within budget, which is a concern shared by all parties involved.
**Interviewer:** Are there any details regarding the negotiations with BaltCap or how Naresta plans to manage the increased costs?
**Arūnas Šlenys:** While I cannot speak to the specifics of our negotiations, I can say that we are prepared to collaborate closely with BaltCap and explore all available avenues to manage costs effectively. It’s essential that we adhere to the budget while still delivering a high-quality project.
**Interviewer:** Vilnius Mayor Valdas Benkunskas mentioned that the municipality is not involved in choosing the contractor. How does this affect your position on the project?
**Arūnas Šlenys:** The contractual structure is set up so that it’s primarily governed by BaltCap. Our role is to execute the project as per the agreements in place. We’re committed to transparency and will keep all relevant parties informed as we progress.
**Interviewer:** With the project being of great interest to the public, what can you share about the timeline for the stadium’s completion?
**Arūnas Šlenys:** We are currently in the initial phases, focusing on site preparation. Once we finalize our plans and ensure funding and resources are secured, we will be able to provide a more concrete timeline. It remains a priority for us to move things forward as quickly and efficiently as possible.
**Interviewer:** Thank you for providing those insights, Arūnas. We look forward to hearing more as the project progresses!
**Arūnas Šlenys:** Thank you for having me. I appreciate your interest in the project!
