The construction of the multi-billion-dollar Teltonika High-Tech Hill park in Vilnius, which, according to the company, has run into bureaucratic hurdles, can still be completed several years later than planned, the owner says.
After meeting with government representatives on Monday morning, Teltonika’s owner Arvydas Paukštys said the construction could be completed by 2032.
“It will be delayed by about 2–3 years. What we planned for 2028, I hope that by 2032, which is the maximum deadline for the project, we will be able to complete it all. Unless some other obstacles arise, which I don’t know today,” Paukštys told journalists on Monday after a meeting with the Prime Minister, representatives of institutions and companies.
On Friday, Paukštys announced that Teltonika was halting the construction of its semiconductor production facilities in Vilnius, blaming public authorities for stalling the necessary infrastructure and land zoning changes.
On Monday, however, the Teltonika owner said that the project “maybe will not end, just delay”.
Paukštys said the company would wait for the authorities to change of the land use of the site from public to industrial. After that, he said, the parliament would have to approve Teltonika’s request for an extension of the deadline set out in the investment agreement for the company to build the plant.
“According to the laws on large projects, we have only five years,” Paukštys said.
Economy Minister Aušrinė Armonaitė said on Monday that Teltonika’s contract with a large investor is valid until 2042, and the company is committed to meet certain indicators, such as the creation of a certain number of jobs, by the end of 2027.
According to Paukštys, once the ministry changes the land use, Teltonika could start designing the semiconductor plant.
“We said that we would wait until the change took place and then we would start designing. If that change of use happens in the spring or a year from now, we will start designing the chip factory then,” said the businessman.
Meanwhile, Armonaitė told reporters after a meeting in the government on Monday that the ministry had to coordinate with 18 institutions to change the zoning of the plot in the Liepkalnis area of Vilnius.
“The ministry has received technical conditions from all the 18 institutions we had to coordinate with, from the military to Vilnius waterworks,” said Armonaitė. “The ministry continues to work and plan the documents for the preparation of the site.”
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