Projects

PROJECT OF A MULTIFUNCTIONAL CULTURE BUILDING IN PALANGA, VYTAUTO STREET

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Implementation: Project implementation
Executor The Administration of Palanga City Municipality
Partnership form Concession
Duration 20 years with the possibility of extension for 5 more years
Value EUR 9,192 million
Transmitted activities The right to carry out economic activities, provide public services and manage and use property.
Partner selection form Open Procedure
Private partner
Contract signature date 2018 03 30
Private investment
Project manager Vygantas Rekašius, Tel. no.: 846048557, email:. kultura@palanga.lt
Description:

The project seeks to ensure the optimal adaptation of the Palanga Summer Concert Hall for performance of commercial activities and ensure the functional use of it by expanding the range of tourism services, improving the quality of the services and reducing the impact of a tourist season in Palanga. It is anticipated that after the implementation of the project, the multifunctional building will become an important object for attraction of more local and foreign tourists expanding the tourism potential and improving the image of Palanga, as well as reducing the impact of a tourist season on the income of the town and satisfying the cultural needs of the community. 

Area: Culture, sports, leisure facilities

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About the project

  • Summary PPP Risk Assessement for inclusion in the national financial statement can be found here. (610.8 KB )

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Last updated: 17 07 2020