Stage: 4. Project implementation
Implementing Authority
The Lithuanian Road Administration under the Ministry of Transport and Communications
Partnership form
Public-Private Partnership
Duration
25 years
Value
EUR 35,8 million
Private investment
Partner selection form
Open Procedure
Private partner
UAB "Plėtros investicijos", UAB "Palangos aplinkkelis"
Contract signature date
2013 04 10
The date of full entry into force of the contract
Transmitted activities
Design, construction and operation
Description:
The aim of the project is to direct transit traffic coming from Šiauliai and Klaipėda and going in the direction of Liepaja and back (from Liepaja to Šiauliai and Klaipėda). The implementation of the project improves the attractivness of the Palanga city as a resort area and improves the residential setting of the city by reducing the noice and air pollution. The constructed bypass improves traffic conditions in summer. It distributes transport flows more evenly and the entrance to the city is more convenient and faster.
Area: Public transport infrastructure
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About the project
- Summary PPP Risk Assessment for inclusion in the national financial statement can be found here (200.5 KB ).
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