Biggest development in the city centre - 60 ha

Project implementation: 2001 - 2012

Vilnius Entertainment Park – PPP like project

PPP-like project

Municipality Investor• 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 ( 2001-2002)

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 (2003-2005)

Siemens Arena

• Open in 2004• Area 20.000 m ²• Number of seats 12.000• Total investment – 19 MEUR

AQUA PARK

Wichy water park Open in 2007

•Area 12.000 m. ²•Total investment 17,4 MEUR

Vilnius Entertainment ParkIII stage ( 2005-2007)

Ozas

Vilnius Entertainment ParkIV stage (2007-2009)

Commercial and entertainment center Ozas

• Opened: 2009 m.• Area: 172.000 kv.m.• Total investment: 162,3 mln. EUR

Vilnius Entertainment Park, Final stage ( 2009-2012)

Commercial and office centre;

Residential quarter;

Park zone - 2012

Vilnius Entertainment Park, Final stage ( 2009-2012)

FINAL RESULTCultural, sports and leisure center for the public

Perfectly developed city territory of 60 ha