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    Reference: 20090591
    Release date: 19 October 2012

    Promoter – Financial Intermediary

    Latvian State Roads, a State Joint Stock Company that operates for the Ministry of Transport. The company is wholly owned by the Republic of Latvia.

    Location

    Description

    The project consists of the new construction (section Viskali to Koknese) and upgrading (section Tinuzi to Viskali) of the single carriageway section Riga (Tinuzi) to Koknese on the E22 corridor, and reconstruction of associated access roads.

    Objectives

    The project will improve traffic conditions, reduce travel time and improve road safety on the E22 road corridor, which is part of the TEN-T and the main East-West road connection linking Riga with Russia.

    Comments

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 21 million

    Total cost (Approximate amount)

    EUR 142 million

    Environmental aspects

    The project falls under Annex II of the EIA Directive 85/337/EEC as amended (codified by Directive 2011/92/EU of 13 December 2011). Hence the competent authority decides on the requirement of a full EIA. Compliance with the SEA and EIA Directives, the Habitats Directive (92/43/EEC) and Birds Directives (79/409/EEC) and NATURA 2000 will be verified duing appraisal.

    Procurement

    The contracting authority is required to comply with regulations governing the procurement of publicly financed projects in the EU and national public procurement legislation. The construction works and associated supervision are being procured by the promoter in accordance with Directive 2004/18/EC through restricted tender after publication in the OJEU. Details will be examined during appraisal.

    Status

    Approved - 7/12/2012

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Latvia Transport