Klaipedos Nafta AB Announces PPS Pipeline Systems GmbH as Winner of Procurement of Engineering and Construction Works for Natural Gas Pipeline System

Klaipedos Nafta AB (KN) announced that it has decided to amend the decisions adopted by KN’s Board on December 21, 2012 on conclusion of the contract with the winner of the public Procurement of Engineering and Construction Works for Natural Gas Pipeline System, the consortium of AB Kauno Dujotiekio Statyba and UAB Siauliu Dujotiekio Statyba. The Board decisions were amended, new tender offers were submitted and the results of the procurement changed, and PPS Pipeline Systems GmbH was recognized to be the winner, and the earlier decisions of the Board could no longer be implemented. KN has decided to conclude a contract with PPS Pipeline Systems GmbH. The total fixed price for all the works under the contract will be LTL 94,840,000, value-added tax excluded, and LTL 114,756,400, value-added tax included. All the works under the contract must be finished until August 1, 2014.