You are here:
19 July 2021 / deal

Loyens & Loeff congratulates TIIC, ACB & Binders on reaching financial close on the first large PPP project in Latvia, the Kekava Bypass

On 16 July 2021, the consortium signed the PPP contract with the Latvian Ministry of Transport and secured funding by the European Investment Bank and the Nordic Investment Bank. The Ķekava Bypass, with a total length of the lanes of 100 km, will be the section of the road A7 Riga – Bauska – the border of Lithuania (Grenctale) is a part of the international road E67 Via Baltica. The project is a DBFM (design, build, finance and maintain) availability project with a 23 year contract duration.

Kevaka bypass

Loyens & Loeff acted as lead sponsor’s counsel to the consortium. The Loyens & Loeff project team consisted of partners Valentijn De Boe & Koen Panis and senior associates Sarah Libregts and Jan Missoul, assisted by local partner Sorainen consisting of partners Rūdolfs Eņģelis & Lelde Laviņa and senior associates Inese Heinacka and Santa Rubina. The Lenders were represented by Linklaters Paris, partner Darko Adamovic and managing associate Alex Bluett and local partner Cobalt (Edgars Lodziņš and Gatis Flinters). Thanks for the great teamwork!

Our involvement in this deal showcases the growing European footprint of the international Loyens & Loeff Energy & Infrastructure team, following the recent close of the Arcadis Ost I project in Germany in June this year and there will be more to come!



cjeu-clarifies-distinction-between-selection-criteria-and-performance-conditions

CJEU clarifies distinction between selection criteria and performance conditions

On July 8, 2021, the Court of Justice of the European Union (CJEU) ruled in case C-295/20 (Sanresa) that a waste shipment permit cannot be imposed as a selection... read more
Coronavirus - Belgian measures for businesses

Coronavirus | Belgian measures for businesses

Since 3 March 2020 different authorities (EU, national, local) took measures in Belgium to reduce the spreading of the COVID-19 virus. In order to overcome the... read more
Loyens & Loeff team successfully advised the Pierre & Vacances group in its restructuring

Loyens & Loeff team advised the Pierre & Vacances group

On 24 June 2021, the restructuring of the Pierre & Vacances group was completed. read more
Stay informed

Don't miss out. Stay up to date about our latest news and events.

Stay informed