OREANDA-NEWS. October 14, 2015. Nordecon AS and Estonian Road Administration signed the agreements for the maintenance of national roads in J?rva County, Hiiu County and Harju County Kose road region for the next five year period, ie for 2016-2021. Combined annual value of these three aforementioned agreements for the first year is approximately 3 million euros excluding VAT.

Fulfilment of the agreements is divided into five 12-month periods and the cost of the following years' maintenance will be determined based on the contractual value of maintenance of  the previous year, adjusted for changes in the annual consumer price index.

Nordecon AS and its subsidiaries carry out year-round national road maintenance works in addition to J?rva and Hiiu Counties and Harju County’s Kose road region also in Harju County’s Keila road region, or in total on more than 2,600 kilometres. Nordecon AS has been engaged in road maintenance since 2002, being the third largest road maintenance company in Estonia based on maintenance kilometrage.

Nordecon is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, Ukraine and Finland. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. In addition to the parent company, there are more than 10 subsidiaries in the Group. The consolidated revenue of the Group in 2014 was 161 million euros and net profit 2.3 million euros. Currently Nordecon Group employs close to 700 people. Since 18 May 2006 the company's shares have been quoted in the main list of the NASDAQ OMX Tallinn Stock Exchange.