March 23, 2018 / 8:53 AM / 4 months ago

BRIEF-Arco Vara Unit Signed Contract Of Stage 1 Of Lozen Project

March 23 (Reuters) - Arco Vara As:

* DESIGN AGREEMENT FOR LOZEN PROJECT IS SIGNED

* SAYS ARCO LOZEN EOOD, SUBSIDIARY OF ARCO VARA , SIGNED A CONTRACT OF STAGE 1 OF LOZEN PROJECT WITH VAMOS OOD

* SAYS VAMOS OOD WON ARCHITECTURAL CONCEPT COMPETITION THAT WAS HELD DURING DEC 2017 - FEB 2018

* SAYS CONSTRUCTION IS EXPECTED TO START IN H1 2019 AND BE COMPLETED BY END OF 2020

* SAYS WITH TOTAL INVESTMENT OF CA 18 MILLION EUR. Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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