Release date: 27 August 2002
Promoter – Financial Intermediary
Ministry of TransportLocation
Description
Upgrading/rehabilitation of road schemes, including major national roads and internationally recognised corridors (e.g. Via Baltica).
Objectives
The project will accelerate improvements on roads of key importance for the Latvian economy, bringing them to EU standards and facilitating the country's European integration.
Sector(s)
Proposed EIB finance (Approximate amount)
In the order of EUR 35 million
Total cost (Approximate amount)
In the order of EUR 100 million
Environmental aspects
Environmental issues have received and will receive special attention. It will be ensured that all schemes meet the requirements of the Law on Environmental Impact Assessment (13 Nov 1998), under which individual road schemes are presented to the Ministry of the Environment for assessment of the need to conduct an EIA, and the requirements of the relevant EU directives in line with the Accession negotiations.
Procurement
Open competitive bidding, with publication in the Official Journal of the EU for contracts of a value in excess of EUR 5 million and/or ISPA rules where relevant.
Status
Signed - 23/12/2002