RIGA - The strategy for Latvia’s highway construction and reconstruction projects for this year has been officially approved, with the full plan posted at the Web site of the state-owned road maintenance company Latvijas Valsts celi (LVC), reports Nozare.lv.
The strategy comprises road construction projects co-funded by the European Union’s Cohesion Fund, reconstruction projects co-financed by the European Regional Development Fund, road reconstruction and maintenance projects financed from the state budget. Information about implementation of these projects will be updated on a weekly basis.
In total, 81 road construction tenders will be announced this year, of which fifteen will be co-financed with money from European Union funds. Seven tenders have already been announced.
Bids for the remaining tender will be accepted as soon as possible, that is, as soon as road and reconstruction work can begin after winter, weather permitting, LVC explained.
Besides these projects, implementation of another eleven projects, which commenced in 2013, will continue this year.
The total funding for road construction and reconstruction projects this year is projected at almost 250 million euros, of which 136 million euros will be EU fund co-financing.