The Ķekava Bypass Public-Private Partnership project has been recognized as a European PPP transaction of the Year
16.06.2022
Last week in Lisbon, the Ķekava Bypass Public-Private Partnership (PPP) project, in the implementation of which JSC A.C.B. is also involved, received the Proximo Infra award from the leading international project,
infrastructure and energy financing research organization as the European PPP transaction of the Year The award was received by the representative of the public partner of the project SLLC Latvijas Valsts ceļi (LVC) Chairman of the Board Mārtiņš Lazdovskis and representatives of the private partner – TIIC partner Hugo Espinheira de Amador Silveira, JSC Kekava ABT Members of the Board Armands Sviķis from JSC A.C.B. and Mārtiņš Pļaviņš from CBF LLC Binders, as well as Juris Frīdmanis, CEO of JSC Kekava ABT.
“The project annual award is definitely a great satisfaction, especially considering how much work was put into the seven years it took to sign the contract. We are pioneers of PPP in the Baltics. However, the greatest satisfaction both for LVC, as the project promoter and implementer, and for the entire Latvian society will definitely be at the end of next year, when the new Ķekava bypass route will be open to traffic”, says M. Lazdovskis.
“The main advantage of our PPP project is the opportunity to combine the unique abilities and competencies of different parties – both in project management and financial attraction and construction, in order to achieve the best results for the customer and Latvian society. It is gratifying that Latvia’s first large-scale PPP project has earned international recognition, which indicates the effective cooperation and professionalism of all parties involved. We hope that the Ķekava bypass project will serve as a practical example for the implementation of future PPP projects in Latvia”, says Juris Frīdmanis, CEO of JSC Ķekava ABT.
Proximo Infra is a member of the financial information company Exile Group and an affiliate of TXF, the world’s leading trade and export finance company, founded in 2019. It is created by a group of experienced journalists, publishers and producers active in the field of financial information. The winning deals are selected by Proximo Infra‘s editorial team based on their market knowledge and consultation with the relevant industries. The competition jury selected nominations from all 32 major transport and social infrastructure PPP transactions in Europe in 2021.