Latvia Plans to Finance Road Construction via Public-Private Partnership (PPP) Model

Latvia Plans to Finance Road Construction via Public-Private Partnership (PPP) Model

Latvia plans to finance road construction via the Public-Private Partnership (PPP) model. The best immigration news can be found on the Worldway Immigration official website.

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    Follow Latvia Immigration and Latvia Economy: According to a recent report by the Latvian "Diena - Business Section," Latvian Minister of Transport Matiss stated at a road construction seminar in late February that new infrastructure projects will consider financing through the Public-Private Partnership (PPP) model, providing support for infrastructure construction via loans or cooperative funds. The government will determine a road project in the near future. In addition, among the planned expenditures for Latvia's 2014—2020 road construction (approximately 2.21 billion euros), 285 million euros worth of construction projects will also utilize the PPP financing model.

 

Latvia Plans to Finance Road Construction via Public-Private Partnership (PPP) Model

 

Latvia passed the "Public-Private Partnership Law" in 2009 and designated the Ministry of Finance to oversee PPP financing. The Latvian State Roads (Latvijas Valsts ceļi) stated that five road construction projects have been evaluated, and two of them have been submitted to the Central Finance and Contracting Agency, which is under the supervision of the Ministry of Finance, for review.

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