Académique Documents
Professionnel Documents
Culture Documents
release
2014
06
30
Vilnius
A14
Vinius-Utena
highway
PPP
awaits
approval
by
Lithuanian
government
Following
the
successful
financial
close
of
the
Palanga
bypass
PPP
project,
the
Ministry
of
Transport
and
Communications
of
the
Republic
of
Lithuania
has
submitted
another,
Vilnius-Utena
highway
PPP
project,
for
government
approval.
Driving
on
the
concrete
highway
which
was
laid
a
few
decades
ago
is
not
only
uncomfortable
but
also
unsafe.
The
fact
that
traffic
has
nearly
doubled
over
the
last
ten
years
has
increased
the
immediate
need
for
highway
reconstruction
works.
We
urge
parliament
to
approve
project
implementation
via
PPP,
especially
as
the
government
has
a
positive
view
on
such
projects.
In
addition,
we
already
have
experience
of
such
ventures
this
(PPP)
method
was
adopted
in
the
construction
of
the
Palanga
bypass,
-
says
Mr.
Rimantas
Sinkevicius,
the
minister
of
transport
and
communications.
The
Project
has
recently
been
approved
by
the
Ministry
of
Finance,
although
it
has
still
to
be
endorsed
by
government
and
parliament
before
public
procurement
procedures
can
begin.
PPP
is
a
priority
at
the
governmental
level
in
Lithuania.
Hence,
approval
by
government
and
parliament
should
be
prompt,
-
says
Mr.
Tadas
Jagminas,
Director
of
Project
Management
department
of
Invest
Lithuania.
The
projects
scope
encompasses
the
design
and
reconstruction
of
Vilnius-Utena
highway
sections
ranging
between
21.50
and
93.65
kilometres.
Following
completion
of
the
works,
periodic
and
regular
maintenance
of
the
highway
must
be
carried
out
to
ensure
the
proper
functioning
and
effectiveness
of
the
transport
infrastructure.
Although
Lithuania
has
never
executed
a
highway
reconstruction
PPP
project
of
this
size,
procedures
are
expected
to
run
smoothly.
-
says
Mr.
T.
Jagminas.
We
anticipate
attracting
investors
with
proven
experience
of
implementing
projects
of
such
size
and
that
we
will
be
able
to
ensure
adequate
competition
for
the
tender.
The
overall
project
value,
in
terms
of
future
availability
payments,
is
constrained
to
the
budget
of
175
mln.
EUR.
Reconstruction
works
are
expected
to
commence
in
2016.
About
Invest
Lithuania
Invest
Lithuania
is
a
Lithuanian
government
agency
that
provides
free
advice
and
introductions
to
on
the
ground
experts
for
global
companies
interested
in
doing
business
in
Lithuania.
The
agency
serves
as
a
point
of
contact
for
foreign
companies,
and
guides
international
businesses
through
every
step
of
the
process
of
setting
up
operations
in
Lithuania.
Invest
Lithuania
prepares
and
facilitates
PPP
infrastructure
investment
projects
initiated
by
central
and
local
governments,
advises
investors
on
the
preparation
and
participation
in
PPP
projects,
and
provides
information
and
ongoing
communications
support.
For
more
information:
Irmantas
Butkauskas
|
Chief
project
manager
at
Invest
Lithuania
Tel.
+370
5
264
9078
|
Fax.
+370
5
212
0160
irmantas.butkauskas@investlithuania.com
Tadas
Jagminas
|
Director
of
Project
Management
Department
at
Invest
Lithuania
Tel.
+370
5
262
7438
|
Fax.
+370
5
212
0160
tadas.jagminas@investlithuania.com
Jogailos St. 4, LT-01116 Vilnius, Lithuania | Tel. +370 5 262 7438 | Fax +370 5 212 0160 | www.investlithuania.com | info@investlithuania.com