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VILNIUS - The Vilnius City Municipality has granted a construction permit for a significant transportation infrastructure improvement project at the intersection of Gerosios Vilties and Geležinio Vilko streets. This development is part of the preparations for the new multifunctional complex Akropolis Vingis, located in the Vilkpėdė district of Vilnius.
The project aims to enhance traffic flow and safety around the upcoming complex, featuring a roundabout, an underground parking entrance, and a subterranean crossing for pedestrians and cyclists. The intersection upgrade is expected to facilitate continuous traffic movement, improving the experience for all road users.
Gabrielė Sapon, CEO and Board member of Akropolis Group, stated that this construction permit was the last required for the Akropolis Vingis complex development. The group is now focused on updating the project budget and evaluating financing options, with further updates to be provided to the public in due course.
The multifunctional complex, granted its initial construction permit in August 2024, will transform the former industrial area into a vibrant hub with shopping, services, and recreational facilities. It will include a concert hall, a food hall, a conference center, a cinema complex, offices, and residential apartments. Approximately 4,500 parking spaces will be available to accommodate visitors and residents.
In addition to the infrastructure improvements at the Gerosios Vilties and Geležinio Vilko streets intersection, two other traffic infrastructure projects have been approved, integrating solutions for Eigulių, M. K. Čiurlionio streets, and the surrounding areas. These projects were developed in close collaboration with the Vilnius City Municipality and have been presented to the public, with the construction permit for Eigulių street issued in November 2024.
The Akropolis Group has undertaken the funding of all public infrastructure improvements, with the multifunctional complex’s operation permit contingent on the completion of these projects. The Akropolis Vingis complex is also designed to prioritize pedestrian and cyclist traffic, featuring new paths and recreational areas, including some on the complex’s rooftop.
This news is based on a press release statement from the Akropolis Group.
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