Investment Plan for Europe supports Kevaka bypass infrastructure project in the Baltics

Investment Plan for Europe supports Kevaka bypass infrastructure project in the Baltics
Date: Sunday, 25 July 2021 16:34

This project will improve road safety and reduce health risks for local residents. It will support the improvement of the section of the A7 motorway (part of the Via Baltica) south of Riga, which connects the Latvian capital to the Lithuanian border and is part of the core Trans-European Transport Network (TEN-T). The project marks the first public-private partnership financing in Latvia for the EIB, and is in itself the first large-scale PPP in the Baltics.

The Investment Plan for Europe has so far mobilized €546.5 billion of investment, of which €1.4bn is in Latvia. A press release is available online.