Stage: 4. Project implementation
Implementing Authority
The Administration of Palanga City Municipality
Partnership form
Concession
Duration
25 years with the possibility of extension for 5 more years
Value
EUR 1,158 million
Private investment
EUR 800 000 (incl. VAT)
Partner selection form
Open Procedure
Private partner
Concessionaire UAB "NRT SERVICE" established by investors UAB "NRT SERVICE" and UAB "Domus Extra"
Contract signature date
2017 10 25
The date of full entry into force of the contract
Transmitted activities
Design, construction and operation
Description:
The aim of the project is to create effective infrastructure in Palanga to achieve the fixed indicators for 3 stars accommodations. It is anticipated that after the implementation of the project, the flows of tourists will increase; Palanga will become more attractive to tourists traveling by car, going on foot, camper or bike and the impact of tourist season in the number of people staying in the campsite will be reduces.
Area: Tourism and leisure
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About the project
- Summary PPP Risk Assessement for inclusion in the national financial statement can be found here (200.4 KB ).
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