OREANDA-NEWS. On 27 December 2013, a contract was signed by SIA Merks - part of the AS Merko Ehitus group - and Valmiera's Professional School to perform the construction works of professional school in Valmiera, Latvia.

Under the contract, SIA Merks will build a new school building and a student hostel, also reconstruct the existing school building, the student hostel and the laboratory.

The expected value of the contract is 5.9 million euros, plus value added tax. The works are to start in January 2014 and scheduled for completion in April 2015.

AS Merko Ehitus (www.merko.ee <http://www.merko.ee>) comprises the leading Estonian construction company AS Merko Ehitus Eesti, the Latvian market based SIA Merks and the Lithuanian market based UAB Merko Statyba as well as the group's real estate development business unit together with companies holding real estate properties. As at the end of 2012, the group employed 915 people and the 2012 revenue amounted to EUR 249.1 million.