Biggest development in the city centre - 60 ha Project implementation: 2001 - 2012 Vilnius Entertainment Park – PPP like project.

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Presentation transcript:

Biggest development in the city centre - 60 ha Project implementation: Vilnius Entertainment Park – PPP like project

PPP-like project MunicipalityInvestor Granted the permission for the investor to develop the project in the city’s land Provides exemption from land (land rent) tax Invested 4,6 MEUR in the engineering infrastructure Invested LTL 19 MEUR in the construction of the arena Will be the owner of the newly built infrastructure Will provide 10 % of CJV “Ozo arena” shares to the city Public benefit : new services; new jobs

1998 Idea to develop the territory of 60 ha 2000 Municipality’s open tender 2001 Partnership agreement signed between the developer OGMIOS ASTRA and Municipality 2002 Conception model is ready: family park, sports arena and commercial zone Vilnius Entertainment Park – short history

Market research Territory development conception Business plans Detail plans Vilnius Entertainment Park I stage ( )

High tension line cabling: 3,2 MEUR Sewerage dispossession: 116 thousand EUR Garages dispossession: 60 thousand EUR Teritorry cleaning : 60 thousand EUR Solved problems in the territory

Siemens Arena Vilnius Entertainment Park II stage ( ) Siemens Arena Open in 2004 Area m ² Number of seats Total investment – 19 MEUR

AQUA PARK Wichy water park Open in 2007 Area m. ² Total investment 17,4 MEUR Vilnius Entertainment Park III stage ( )

Ozas Vilnius Entertainment Park IV stage ( ) Commercial and entertainment center Ozas Opened: 2009 m. Area: kv.m. Total investment: 162,3 mln. EUR

Vilnius Entertainment Park, Final stage ( ) Commercial and office centre; Residential quarter;

Park zone Vilnius Entertainment Park, Final stage ( ) FINAL RESULT Cultural, sports and leisure center for the public Perfectly developed city territory of 60 ha