The Republic of Lithuania has signed a 25 year PPP concession contract to design, build and manage the parking infrastructure at Santariskes medical campus in Vilnius. Latuna, a subsidiary of the Lithuanian parking services and management company Unipark, was selected as the preferred bidder for the €14 million (US$15 million) parking infrastructure project.

Santariskes is the biggest medical campus in Lithuania, with more than 2 million visitors and patients visiting annually. However, the current campus’ parking infrastructure is both overloaded, and unsatisfactory for users as it does not give convenient access to the Hospital’s facilities.

Under the PPP concession contract, the private partner is required to design and build new multi-storey and ground parking infrastructure, creating a total of 2,250 new parking spaces. Additionally, the concessionaire will have to reconstruct existing parking spaces and implement a parking management system. It will then operate and manage the whole campus parking infrastructure. According to the PPP concession contract, the private partner is committed to completing the creation of the new, high-quality parking infrastructure within 19 months.

Once construction is complete, the concessionaire will manage and operate the parking infrastructure for a further 23 years in order to ensure its effective functioning.

The concession tender was launched in May, 2014 and 4 participants submitted preliminary proposals.

Tadas Jagminas, director of the Project Management Department at Invest Lithuania, an investment promotion agency, said:  

“The number of participants who submitted proposals have ensured strong competition, allowing the authorities toselect the solution that is best suited for the modernization of Santariskes’ car parking infrastructure.”