Construction, EU – Baltic States, Financial Services, Funds, Good for Business, Latvia, Transport
International Internet Magazine. Baltic States news & analytics
Friday, 26.04.2024, 08:21
Binders, LNK Industries and Latvijas Tilti to build overpass in Riga for EUR 42.5 million
The contract provides for construction of stage 1 of the overpass across the Riga-Skulte railway line. According to information available on the Public Procurement Monitoring Bureau's website, OTC unites three construction firms: Binders, LNK Industries and Latvijas Tilti.
The value of the contract (excluding VAT) is EUR 35.11 mln. EUR 27 mln of the project's costs will be paid with financing raised from the European Union's Cohesion Fund, EUR 1 mln will be provided from the government budget and the rest will be paid by the local authority.
Ilze Dimante, a representative of the Transport Department, said that construction works are expected to begin in April to build a double-deck overpass between Viesturs Prospekts and Tvaika Street.
The project envisages traffic solutions for motor transport, pedestrians and cyclists. The overpass is expected to relieve traffic congestions in the area and improve road safety, the local authority said.
A tender to construct the overpass was first announced in February 2019 but it was appealed twice. The first complaint, which was lodged by BMGS, was later withdrawn.
The second appeal was filed by the supplier association of A.C.B., BMGS and Tilts, but the Public Procurement Monitoring Bureau dismissed it, allowing the city council to award the contract to OTC.
- 28.01.2022 BONO aims at a billion!
- 26.08.2021 LLC Dizozols Investments finalizes investment attraction deal with Crowdestor with record-high profits
- 13.02.2021 Моя жизнь в газете. Очерки по новейшей истории Латвии. Глава 1
- 25.01.2021 Как банкиры 90-х делили «золотую милю» в Юрмале
- 30.12.2020 Накануне 25-летия Балтийский курс/The Baltic Course уходит с рынка деловых СМИ
- 30.12.2020 On the verge of its 25th anniversary, The Baltic Course leaves business media market
- 30.12.2020 Business Education Plus предлагает анонсы бизнес-обучений в январе-феврале 2021 года
- 30.12.2020 Hotels showing strong interest in providing self-isolation service
- 30.12.2020 EU to buy additional 100 mln doses of coronavirus vaccine
- 30.12.2020 ЕС закупит 100 млн. дополнительных доз вакцины Biontech и Pfizer