Reference: 20130674
Release date: 15 September 2014

Promoter – Financial Intermediary

REPUBLIC OF LATVIA

Location

Description

Co-financing with EU structural and investment funds of priority investments in the Republic of Latvia in the 2014-2020 programming period. The structural programme loan will support schemes under the operational programmes in growth and employment and rural development.

Objectives

The structural programme loan (SPL) will support the Latvian operational programmes in growth and employment and rural development for the 2014-2020 programming period.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 400 million

Total cost (Approximate amount)

EUR 6723 million

Environmental aspects

Latvia, as an EU Member State, has transposed the relevant EU Directives 2011/92/EU Directive and 2001/42/EC into the national environmental legislation. The Bank’s appraisal will focus on the promoter’s environmental management capacity to properly apply the EU Strategic Environmental Assessment (SEA) Directive 2001/42/EC, the EU Environmental Impact Assessment (EIA) Directive 2011/92/EU, as well as the requirements of the Habitats and Birds Directives, where appropriate. All relevant key documents for the project will be published, in line with the Bank’s disclosure policy.

Procurement

The Bank will require the promoter, as a public administration entity, to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/18/EEC or 2004/17/EEC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate. Projects with values below the EU thresholds will be procured according to the provisions laid down in national legislation. Details to be reviewed by the Bank’s services during appraisal.

Status

Signed - 17/03/2015

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 Agriculture, fisheries, forestry Composite infrastructure Health Education Energy Services