Final BAFO bids due in September for Vilnius Police Infrastructure PPP

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Final BAFO bids due in September for Vilnius Police Infrastructure PPP

Invest Lithuania has announced that the due date for best and final offers (BAFOs) regarding the Vilnius Police Infrastructure PPP project is September 10.

The aim of the project is to build a Police station and a Police custody with a total area of 8,155 square meters.

The authorities expect to receive BAFOs from all three bidders that took part in the competitive dialogue phase, namely:

  • Areko, a subsidiary of the real estate investment and development company Hanner,
  • Pilies projektai, a subsidiary of the Lithuanian real estate development company MG Valda, and
  • Partnerystes projektai, a subsidiary of the real estate company EIKA, who develop residential, commercial, and other properties for individual and as complexes.

The successful bidder is expected to be announced between October and November 2015, with contract signing and financial close due to be completed by the end of 2015.

The project is one of pilot design-build-finance-maintain (DBFM) projects in Lithuania to be implemented under the country's PPP scheme. The 18 year PPP contract will involve the provision of new Police Custody and Police Station facilities in Vilnius, and will facilitate improved performance in various police functions in Vilnius. The construction of the facilities will take up to three years. Once construction is complete, regular maintenance of the infrastructure will be carried out for a further 15 years.

The total project investment is estimated at US$11 million.

Mr Tadas Jagminas, director of the Project Management Department of Invest Lithuania, stated:

"The successful implementation of the Vilnius Police Infrastructure PPP project will give us valuable experience which will further strengthen PPP implementation in Lithuania. Lithuania sees PPP projects as a way to stimulate the economy and deliver the investments needed to close the infrastructure gap. Up to 5 other potential projects for social infrastructure have been identified and potential local and foreign investors are showing interest in these projects."

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.