Summa Group News Part 2, May 2014 Summa Group News PT 2 May 2014 | Page 2

Summa News – May 2014 Part 2

Stroynovatsiya Renovating Vladikavkaz Airport
Summa Group subsidiary, Stroynovatsiya, is the only eligible tender applicant under the
Administration of Civilian Airports of the Federal State Unitary Enterprise (FSUE) to
renovate the Vladikavkaz airport in North Ossetia, Russia.
Four other companies also submitted applications to apply for the tender but their bids
did not meet the tender document requirements.
Stroynovatsiya offered the budget of just over 1 704 678 072.18 rubles, with a maximum
purchase price of 1 843 220 770.88 rubles.
The commission declared the

other under budget applications as
invalid and entered into a contract
with Stroynovatsiya.
The Vladikavkaz International
Airport was founded in 1993 and
will be upgraded over the next few
years.