The Lithuanian government has approved amendments to its rules for the development and implementation of public-private partnership (PPP) projects.
The amendments will allow the private sector to initiate projects and tender procedures by submitting unsolicited proposals.
In a statement, government agency Invest Lithuania said it believed the move would open up new investment possibilities for the private sector and would allow the public sector to exploit unrecognised PPP opportunities.
The agency admitted it “might be the case that certain projects are not identified within the government budget, policies or development plan” and that the private sector could “overcome such shortcoming with its external approach to the issue, innovation and accumulated knowledge”.
Private companies will be able to bid for completely new projects or for projects which have already been identified but for which no feasibility study has been prepared. To submit proposals, firms will need to complete a special form approved by the Central Project Management Agency (CPVA).
“Discussions with the private sector revealed a general support for such change, raising expectations for exciting new proposals,” said Tadas Jagminas, director of the Project Management Department of Invest Lithuania, in a statement.
Separately, Lithuania has announced a public consultation for the Lithuanian Airports concession project as it seeks to appoint technical, financial and legal advisers. A deadline of August 10th has been given for comments and proposals.
The country’s three main airports at Vilnius, Kaunas and Palanga were merged into a single state enterprise called Lithuania Airports last year. Since then, according to the Ministry of Transport and Communication, operational efficiency at the airports has increased by 11 percent.
Greater benefits would be sought under the concession project, which would involve the further development and modernisation of the airports and improvement and expansion of airport services and connectivity.