The Law On Public-Private Partnerships (PPP) regulates the implementation of public-private partnership projects. Public services contracts are concluded for a term of no more than five years.
Types of public procurement
Following accession to the European Union, Latvian businesses have access to the markets of EU countries and the public procurement market of EU institutions; conversely, EU businesses have access to the Latvian public procurement market.
This means that as an entrepreneur, you can tender for public procurement contracts. Regulated public procurement orders exceeding LVL 10,000 must be advertised through the Procurement Monitoring Bureau.
National public procurement authorities
The Ministry of Finance is the key government institution responsible for preparing and coordinating the implementation of PPP policy.
Tenders must be submitted to the Procurement Monitoring Bureau:
Guidelines for the implementation of PPP projects, risk assessment methodology and documentation are available on the Public-Private Partnership portal.
In order to facilitate a wider take-up of PPP projects in the national economy, the Promotion of Public-Private Partnerships in Latvia programme co-funded by the Norwegian Government’s bilateral financial instrument will have to be implemented.