Valiunas Ellex team has provided legal advice to the City of Vilnius in preparing concession tender conditions for the Lithuanian National Stadium.
According to a statement released by Valiunas Ellex, “it has been agreed that there will be established a multifunctional facility by a private investor based on the concession agreement. We are honored to be a part of this nationally significant case. This is the first time when concession will be provided by two institutions; i. e. the municipality and the Department of Physical Education and Sports under the Government of the Republic of Lithuania. The concession is planned for 25 upcoming years; the first three years are intended for construction.”
According to Valiunas Ellex Partner Dovile Burgiene the construction should start after almost two years if the tender takes place without any delays.
