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Lithuania positively surprises on the PPP market

Following the information from Invest Lithuania please see the recently (December 2015) significant and encouraging developments of the Lithuanian PPP market (in chronological order):

  • 9th Dec 2015: the Lithuanian Cabinet of Ministers approves amendments to the legal framework that will allow the Lithuanian airports to be operated by a concessionaire. These changes will also have to be approved by the Parliament. Following this a tender will be prepared (expected in Q2 2016) in order to choose a concessionaire for the 250 mn EUR full investment program of all three Lithuanian airports.
  • 14th Dec 2015: the Lithuanian Cabinet of Ministers approves to contribute with 53,4 mn EUR to the Vilnius multifunctional complex project, which is to be a 25 years concession for constructing and operating e.g. a sports stadium and some cultural facilities.
  • 22nd Dec 2015: Lithuanian Parliament approves the A14 Vilnius-Utena PPP Highway design and reconstruction (58,1 km) as well as maintenance (72,1 km) project of a total approx. value of 170 mn EUR. According to Tadas Jagminas, Director of the Project Management Department of Invest Lithuania, the project will be the largest ever PPP project in the road sector in Lithuania. The remuneration of the private partner is to be based on availability payments throughout the PPP contract duration.
  • 29th Dec 2015: Lithuanian Police Department signs a 46 mn EUR PPP contract consisting of infrastructure construction and maintenance in Vilnius.

All of the above events deserve a great recognition.

If you want to learn more of PPP-type projects in the Lithuania neighboring country – Poland – please contact our International Business Department at ib@ippp.pl. As the Institute for PPP we have just completed a 4-year governmental PPP support program being its only and exclusive partner.

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