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Jogailos St. 4, LT-01116 Vilnius, Lithuania | Tel. +370 5 262 7438 | Fax +370 5 212 0160 | www.investlithuania.com | [email protected]
Media 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 project’s 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 [email protected] Tadas Jagminas | Director of Project Management Department at Invest Lithuania Tel. +370 5 262 7438 | Fax. +370 5 212 0160 [email protected]
