Sorainen and Loyens & Loeff have advised the Kekava ABT consortium on its agreement with Latvian State Roads to construct the Kekava Bypass part of the Via Baltica.
The decision to award the contract to Kekava ABT – consisting of TIIC, ACB, and Binders – came after the bidding phase of the project. Kekava Bypass will become a part of Via Baltica – a 1,722 kilometer road joining six countries and running from Prague to Helsinki.
According to Sorainen, “this is the first private-public partnership project in Latvia reaching a size of over EUR 100 million. It includes design, construction, operation and maintenance of the bypass from Riga to the Lithuanian border, and forms a part of the Trans-European Transport Network and Via Baltica.”
Sorainen’s team included Partners Lelde Lavina and Rudolfs Engelis and Senior Associates Jorens Jaunozols, Inese Heinacka, and Viktorija Smirnova-Cerkasa.
Editor’s note: On July 16, 2021, Sorainen announced that the deal between the Kekava ABT consortium and the Latvian state had closed.
Linklaters subsequently announced that it had advised the European Investment Bank, the Nordic Investment Bank, and Luminor Bank on their provision of financing for the construction of the Kekava Bypass project. The firm’s team consisted of Paris-based Partner Darko Adamovic, Counsel Vincent Poilleux, Managing Associates Alex Bluett and Pauline Portos, and Associates Youssef Berrada and Abdullah Konate, as well as Luxembourg-based Partner Melinda Perera and Managing Associate Alliance Mukengeshayi.