Renovation Project of the Street Lighting System in Vilnius City

Owner:
Vilnius City Municipality
Summary:
Vilnius City Municipality intends to announce a tender to select an investor for renovating the street lighting system using its own and borrowed funds, and operate it for 23 years after its renovation. City is looking for possibilities to switch to LED-based technological solutions, which would mean the investment of approximately 37 million Euros.
Investment Highlights:
  • PFI;
  • Investment volume – over 37 million Euro;
  • Investment period – 2-3 years;
  • Term of Agreement – 25 years;
  • Almost 37000 street lights;
  • Streets lighted – almost 700 km;
  • Almost 600 power supply units;
Key Facts:
  • Scientific feasibility study prepared in 2010;
  • Outline business case prepared in 2011;
  • Location – Vilnius City.
Contacts:
Ms. Rasa Cibulskiene
Head of Investment Projects Division
Financial management and accounting department
Vilnius City Municipality
Konstitucijos ave. 3, LT 09601 Vilnius, Lithuania
Mob. +370 613 23 954
Fax +370 5 211 22 65
rasa.cibulskiene@vilnius.lt, http://www.vilnius.lt
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