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SRE: We will find the solution for the Valmiera Drama Theatre as soon as possible; several measures have already been taken


Currently, additional temporary rehearsal rooms for the needs of the Valmiera Drama Theatre have been found, during this and the next week, temporary solutions will be introduced for provision of heating and opportunities will be sought to ensure the continuity of the theatre operation also during the winter season, informs Renārs Griškevičs, Chairman of the Board of SJSC "State Real Estate".

 SRE evaluates the price increase in accordance with the guidelines published by the Ministry of Economics on 30 June 2022 "Guidelines for the evaluation of the increase in the cost of construction materials due to the Russian military aggression in Ukraine for amendments to the existing public works agreements regarding the construction of buildings". The guidelines provide for a specific methodology for calculating the increase in the price of building materials, while the increase in the price of other components can be justified by the contractor providing evidence of both the increase in price itself and its causal connection with Russia's military aggression in Ukraine and its consequences.

Disregarding the encountered situation during the course of works, SRE is determined to complete the reconstruction of the Valmiera Drama Theatre building in the proper quality and as soon as possible, so that the Valmiera Theatre team can resume full function in the renovated premises at the end of next year.

The energy efficiency and energy management of the Valmiera Drama Theatre building will be increased, a more comfortable working environment will be provided to the theatre employees, a new "black box" hall will be built, and the accessibility of the environment will be improved. Currently, almost all necessary dismantling works have been performed and construction reinforcement works are taking place in the building, including strengthening of the existing foundations of the building and constructing new ones, as well as strengthening the secant wall near the ravine of the River Rāte. The construction of two staircases is also nearing completion. Dismantling of engineering networks was already carried out in advance, including the dismantling of the existing heating and sewage system.

The planned cost of the VDT project is 9.7 million euro (which includes the costs of construction, design, authorised supervision of construction works, equipment purchase, etc.), of which construction costs are 7.6 million euro (including VAT). The reconstruction of VDT was partially financed from the funds of the European Fund for Reconstruction and Development (EFRD). The total planned EFRD funding is 4.5 million euro, of which 0.44 million euro were spent by August, the rest of the funds are planned to be acquired during 2023.

SRE successfully implements 44 projects of national importance, of which 24 are in the construction stage. The total implementation budget of the projects is more than 336 million euro. Alongside the reconstruction of the Valmiera Drama Theatre, the energy efficiency improvement and renovation works of three theatres important to Latvian culture are underway. The Daile Theatre energy efficiency project is nearing completion and the theatre forecourt revitalisation project is also progressing successfully. In the Latvia Puppet Theatre and the New Riga Theatre, the construction works of the new roof structures are nearing completion. The company provides professional real estate management and administration for approximately 365 real estate properties consisting of 1100 buildings with a total floor area of 0.95 million square metres, along with land beneath the buildings covering 602 hectares and more than 3536 land properties with an area of 903 hectares. SRE is one of 23 Latvian companies that has received the highest platinum award as part of the Sustainability Index of the Institute of Corporate Responsibility and Sustainability, confirming the good governance and sustainability of its operations. The company was founded in 1996 and is 100% owned by the Ministry of Finance of the Republic of Latvia.