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Public and private partnership agreements

On October 1, 2009 the Law on Public and Private Partnerships came into force. It provides that the Register of Enterprises has a new public register - The Register of Public and Private Partnership Agreements. Information regarding the purchasing agreement of a partnership or concession agreement is recorded in this register.

Public and private partnership is a cooperation between private and public sector which is simultaneously characterized by the following features:

Cooperation takes place between one or more public partners and one or more private partners involved in the public and private partnership procedure.
Cooperation takes place to ensure the needs of society in the process of construction works or service rendering.
It is a long-term cooperation that lasts up to 30 years and in cases provided in this law even longer.
Public and private partner combine and use resources available to them (for example, property, financial resources, knowledge and experience).
Responsibility and risks are divided between the public and private partner.

A purchasing agreement of a partnership is an agreement of public construction works (if it also provides the management of the construction built) or an agreement of public services (if it also provides construction works, that is an insignificant part of the subject of this law) which is concluded by a public partner and a private partner for a time period that is longer than five years.

A concession agreement is a construction works concession agreement or a service concession agreement which is concluded by a public partner and a private partner.

How to register?

New public and private partnership agreement

Application form: PPP 1
State fee: Not needed
Document consideration term: 4 business days
Publication in the «Latvijas Vēstnesis»: Not needed Documents to be submitted

Public and private partnership agreement.

Power of attorney (if the application is signed by a person authorized by the representative of the public partner or a person authorized by the private partner).

Modification of an agreement

Application form: PPP 2
State fee: Not needed
Document consideration term: 4 business days
Publication in the «Latvijas Vēstnesis»: Not needed Documents to be submitted

Modifications of the public and private partnership agreement or other documents that attest the modifications.

Power of attorney (if the application is signed by a person authorized by the representative of the public partner or a person authorized by the private partner).

Termination of an agreement

Application form: PPP 3
State fee: Not needed
Document consideration term: 4 business days
Publication in the «Latvijas Vēstnesis»: Not needed
Documents to be submitted

Agreement for termination of the public and private partnership agreement.

Document that attests the pre-term termination of the public and private partnership agreement.

Power of attorney (if the application is signed by a person authorized by the representative of the public partner or a person authorized by the private partner).

since 16.05.2002.

23.05.2013.
name days today:
Leokādija, Leontīne, Ligija, Lonija

Developed, information updated and published by
Lursoft IT, Matisa street 8, Riga
info@lursoft.lv

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