The Palanga bypass public-private partnership (PPP) project has been opened to the public.
© DELFI (V.Spurytės nuotr.)

The project was among six PPP pilot projects approved by the Lithuanian government in 2009. The Palanga bypass contract was worth EUR 36 million. Construction began in March 2014 and was completed this year as scheduled, Investment Lithuania, the state investment promotion agency, reports.

The bypass, which is 8.25 kilomtres in length, is intended to divert transit traffic from Palanga seaside resort. It is estimated that over 75,000 vehicles cross Palanga city during the summer season, the majority of which are trucks transporting cargo from Klaipėda Sea Port to Latvia. Those travelling directly to Latvia, Šventoji resort or Palanga international airport will be able to reach their destinations faster, whereas local residents will benefit from lower traffic, decreased air pollution and reduced noise levels.

"As Lithuania's first road PPP project, the Palanga bypass contributed valuable lessons which will strengthen further implementation of PPP in the Lithuanian transport sector. Invest Lithuania's PPP team participated in all project stages, from preparation of tender documentation to negotiations with investors. Therefore, we are pleased about one more project delivered in a timely manner," says Tadas Jagminas, director of Project Management Department at Invest Lithuania.

Another potential PPP road project, Vilnius-Utena highway, has been submitted for final approval by the Lithuanian parliament, Invest Lithuania said.

It is forbidden to copy the text of this publication without a written permission from ELTA.

Japan plans to involve in Baltic synchronization project

The Baltic states, which are gearing up for the synchronization of their power networks with those...

Lithuanian researchers developed new technology for precision grinding

A team of researchers at Kaunas University of Technology (KTU) has developed a novel approach to...

Real estate tax expansion amendments returned to government

The Seimas of Lithuania lacked several votes on Tuesday to accept a proposal to expand the real...

Energy minister: Lithuania to do all it can to bar Belarus' N-plant electricity

Energy Minister Zygimantas Vaiciunas says Lithuania will take all possible measures to bar market...

Initiative to tax bank assets stalls in Lithuanian parliament

The Lithuanian parliament decided on Tuesday not to debate – at least not for now – a proposal to...