The Management Board of Agora S.A. informs that on December 18th, 2013 consortium AMS S.A. (AMS) - Ströer Polska Sp. z o.o. (Ströer) concluded a concession contract, with the capital city of Warsaw, represented by Public Transport Authority of Warsaw, for construction and utilization of bus shelters in Warsaw (Concession Contract).
The parties of the consortium AMS - Ströer decided that AMS, a subsidiary company of Agora S.A., shall accrue all the outlays related to the investment process, the maintenance cost related to bus shelters and future revenue from the utilization of bus shelters.
The subject of the Concession Contract is construction of 1,580 bus shelters in Warsaw. The investment process shall last 3 years and shall commence in 2014. The estimated cost of the bus shelter construction, according to the capital city of Warsaw, amounts to PLN 80 million.
According to the Concession Contract, not less than:
- 180 bus shelters shall be constructed in 2014,
- 720 bus shelters shall be constructed in 2015,
- 680 bus shelters shall be constructed in 2016.
The investment shall be financed from AMS' financial resources.
Legal basis: art. 154 of the Act on Trading in Financial Instruments of 29 July 2005 (Journal of Laws 2005 No. 183, item 1538).