Stage: 4. Project implementation
Implementing Authority
The Administration of Palanga City Municipality
Partnership form
Concession
Duration
20 years with the possibility of extension for 5 more years
Value
EUR 9,192 million
Private investment
Partner selection form
Open Procedure
Private partner
Contract signature date
2018 03 30
The date of full entry into force of the contract
Transmitted activities
The right to carry out economic activities, provide public services and manage and use property.
Description:
The project seeks to ensure the optimal adaptation of the Palanga Summer Concert Hall for performance of commercial activities and ensure the functional use of it by expanding the range of tourism services, improving the quality of the services and reducing the impact of a tourist season in Palanga. It is anticipated that after the implementation of the project, the multifunctional building will become an important object for attraction of more local and foreign tourists expanding the tourism potential and improving the image of Palanga, as well as reducing the impact of a tourist season on the income of the town and satisfying the cultural needs of the community.
Area: Culture, sports, leisure facilities
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About the project
- Summary PPP Risk Assessement for inclusion in the national financial statement can be found here. (610.8 KB )
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