Panevezio Statybos Trestas - Notification on material event

Panevezio statybos trestas AB Will Reconstruct Latvia University of Agriculture in Jelgava

Panevezio statybos trestas AB together with the partner ARMS Group SIA has
signed the contract with the Latvia University of Agriculture for
reconstruction of the Jelgava Palace. The value of the works to be performed by
the company will amount to nearly 5 mln. Euros, VAT excluded. 

The project will include reconstruction of the palace façade, replacement of
windows, doors, installation of new ventilation and electrical systems. 

The Jelgava Palace is one of the most outstanding cultural and historical
monuments in Europe – it is the largest palace located in the Baltic countries.
The premises of the palace cover approximately 2.2 hectares. There are 669
rooms, 674 windows, 615 doors in the palace and 25 chimneys on the roof. At the
palace is occupied by the Latvia University of Agriculture and Jelgava History
and Art Museum. 



Contact person
Dalius Gesevicius
Managing Director
Tel. (+370 45) 505 503