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The City Council of Vilnius gave on Wednesday the green light for signing a 156-million-euro contract with Axis Industries, the builder, and BaltCap, the financial investor, on the construction and operation of a national stadium in the Lithuanian capital.
Axis Industries, the potential builder of Lithuania's national stadium in Vilnius, has proposed to the Vilnius authorities to get BaltCap, the largest private equity fund manager in the Baltic states, involved in the funding of the project.
Axis Industries, the winner of the tender for the construction and concession of a national stadium in Vilnius, and its partners agree to fund the construction and not to demand advance payment.
