Rebuilding key Lithuania highway link

The Lithuanian Government is setting out plans to rebuild one of the country’s main highway links. The Vilnius-Utena highway rebuilding project is set to commence towards the end of 2015 and has an estimated cost of some €175 million. The project plans call for the work to be carried out under the public-private partnership (PPP) model and will involve reconstructing a 72.1km stretch of the Vilnius-Utena highway. The project will be submitted to parliament for approval in March 2015. If the approval is then
January 5, 2015 Read time: 1 min
The Lithuanian Government is setting out plans to rebuild one of the country’s main highway links. The Vilnius-Utena highway rebuilding project is set to commence towards the end of 2015 and has an estimated cost of some €175 million. The project plans call for the work to be carried out under the public-private partnership (PPP) model and will involve reconstructing a 72.1km stretch of the Vilnius-Utena highway. The project will be submitted to parliament for approval in March 2015. If the approval is then given, public procurement for the project would commence by the end of 2015. The project would be the largest ever PPP project in road construction in Lithuania. The work is needed as the volume of traffic on the highway has nearly doubled over the last 10 years. Under the PPP project, the general contractor would be required to maintain the highway.
Finance & Funding Road Structures

Related Content

  • Turkey is investing in new motorway and bridge projects
    May 29, 2013
    Turkey is benefiting from new motorway and bridge projects constructed along the BOT model - Gülay Malkoç. Looking at Turkey’s economic development, road construction plays a crucial role. The investment in Turkey is becoming increasingly attractive for both local and foreign investors. There are significant huge road investments and projects being made in Turkey at present, compared with EU countries where the roads need mostly repair and maintenance. According to the approach of Turkey’s Ministry of Trans
    Read More
  • Mostotrest won another tender for building of Moscow-St Petersburg highway
    February 20, 2014
    The award for a key stretch of the Moscow-St Petersburg highway has been awarded - Eugene Gerden writes As expected by analysts, Mostotrest, owned by the Rotenberg brothers, won the tender for the construction of the sixth and longest section of the Moscow-St Petersburg highway. Under the conditions of the tender the company will build 209km of the highway (334-543km), which will pass through the Tver and Novgorod regions of Russia. The cost of construction is 144.6 billion Rubles (US$4.51 billion), 16 bill
    Read More
  • Philippines’s NEDA to consider two road PPP projects in November
    November 12, 2015
    The National Economic and Development Authority (NEDA) will consider approval of seven Public-Private Partnership (PPP) projects, two of them highways, by the end of this month. The highways are the US$516 million Manila connector road and the $209 million Plaridel toll road. A report by the Manila-based Business World Online newspaper said the deals are worth around US$3.65 billion.
    Read More
  • Europe-Asia road link
    February 9, 2017
    The governments of China, Kazakhstan, Belarus and Russia have finally approved a project for the building of a new transcontinental road, which will connect Asia and Europe. The new route is much-needed and will speed the transportation of cargo between the two continents, according to Maxim Sokolov, Russia’s Minister of Transport. The idea for the building of the road was first proposed by the European Commission around 2005. It was prompted by the ever growing volume of trade between the EU and Chin
    Read More

Highlighted Content