Eco Baltia Group's company, Eco Baltia vide, will provide maintenance of transport structures in Riga for five years
Eco Baltia vide Ltd (SIA), the environmental management company of Eco Baltia, the largest environmental resource management and waste recycling group in the Baltics, has been awarded the contract to maintain transport structures in Riga, on the right bank of the Daugava River (in the Centre district and Latgale suburb), for the next five years. This was achieved as part of an association of persons in the open tender for the "Daily Maintenance of Transport Structures from 2024 to 2029," announced by the Riga City Council. The contract price for one year is EUR 15,487,085.25, excluding VAT.
Jānis Aizbalts, Chairman of the Board of Eco Baltia vide, notes that the company's experience in performing the tendered works was rigorously evaluated during the procurement process: "As our decades of experience in the road management sector in Lithuania and Latvia, including recent years in Riga, show, the requirements in newly announced tenders are relatively high. Therefore, under the most economically advantageous terms, the municipality must ensure the provision of high-quality services that comply with national and EU standards. We are prepared to continue the maintenance of transport structures in Riga in accordance with the procurement procedure, while also striving to contribute to the overall development of the sector in Latvia."
Given the procedure and specifics of the work, Eco Baltia vide will provide services in Riga as a joint venture with the road construction company CBF Ļ-KO Ltd. Subcontractors will also be engaged to carry out specific tasks. According to the Riga City Council tender conditions and the contract, the joint venture will be responsible for the daily maintenance of transport structures in Riga, on the right bank of the Daugava River (in the Centre district and Latgale suburbs) for the next five years. This includes road surface repair, chipping, gravel or soil profiling and de-dusting, cleaning and seasonal treatment of roads, transport stops, cycle lanes, and other facilities, as well as other related works.
The services under the "Routine Maintenance of Transport Structures from 2024 to 2029" procurement will commence on 1st October, 2024. The total contract price for the entire period in Riga, on the right bank of the Daugava (in the Centre district and Latgale suburbs), is set at EUR 77,435,426.25, excluding VAT.
Māris Simanovičs, Chairman of the Board of Eco Baltia AS, states: "By promoting the development of the Eco Baltia Group in the international market, we have managed to expand our road maintenance activities in Latvia and Lithuania over the past few years. We have gained valuable experience and a wide range of expertise, which has enabled us to continue the Group's growth through major procurements. It is encouraging to see that municipalities are also focusing on the introduction of environmentally friendly transport in their tenders, as Riga has done in its tender for the maintenance of transport structures. In the long term, we see this as a benefit for both society and business development, as the requirements for greener transport become more stringent. This emphasis is also highlighted as an important pillar in European Union directives."
Eco Baltia vide currently uses 21 specialized, environmentally friendly waste collection vehicles to provide its services in Latvia. Around 90% of the total annual investment is allocated to the renewal of the fleet to promote "greening" of transport. In line with the contractual project for the maintenance of transport structures in Riga, Eco Baltia vide plans to gradually transition to greener transport for the provision of these services within the first year of the procurement.
About Eco Baltia:
Eco Baltia group is the largest environmental and waste management group in the Baltics, providing the full-cycle waste management solutions from waste collection and sorting to secondary raw material logistics, wholesale and raw material processing as well as PET and PE/PP plastics recycling.
Eco Baltia closed 2023 with a consolidated turnover of EUR 218.4 million, an increase of 4% compared to 2022. Eco Baltia's total combined sales revenue (pro-forma) in 2023 amounted to EUR 242.5 million.
The Group has more than 2.500 employees in Latvia, Lithuania, Poland and the Czech Republic. Its leading companies are ITERUM JSC (until 6 June 2024 - PET Baltija), Eco Baltia vide, Latvijas Zaļais punkts, Nordic Plast, JUMIS, Sigulda, TESIL Fibres, UAB Ecoservice, based in Lithuania, and, from November 2023, Metal Plast, based in Poland.
Shareholders of Eco Baltia are private equity fund INVL Baltic Sea Growth Fund (52.81% through UAB BSGF Salvus), the European Bank for the Reconstruction and Development (30.51%) and Māris Simanovičs (16.68%).
About Eco Baltia vide:
Eco Baltia vide is an environmental management company providing a wide range of environmental management services - municipal and sorted waste removal, packaging waste management, construction and bulky waste management, territory cleaning and road management, as well as various seasonal services. Eco Baltia vide's net turnover in 2023 was EUR 53.99 million.
Additional information:
Alise Zvaigzne
Head of Public Relations
Eco Baltia
Phone +371 28780467
alise.zvaigzne@ecobaltia.lv
www.ecobaltia.lv
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