Projects of such scale require high-quality preparation work to ensure that project benefits the municipality and at the same time raises interest among potential contractors (private partners). The role of technical, legal and financial experts: ensuring compliance with international project standards, including preparation of tender documents and promotion of project on international markets.
| Technical expert: |
„AECOM” http://www.aecom.com/ |
| Task: |
Ensure high engineering standards in elaboration of sketch designs, economical assumptions and tender documents; representation of Riga city in tender procedures and contract negotiations.
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| International experience (projects/costs): |
- Rion-Antirion suspended bridge (Greece) – external engineering expertise for 2.25 km long suspended bridge over the Corinthian Bay;
- Forta River crossing (Scotland) – main consultant for Forta River crossing (included drilling and sinking of tunnel, analysis of cable and suspended bridge options, engineering consultant for the expansion of the existing bridge);
- D8 motorway (the Czech Republic) – external engineering consultant for 32 km long motorway;
- A1 (M) Dishfort – Darrington motorway (UK) designing of the new motorway, etc.
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"AECOM" became technical expert of the Riga Northern Transport Corridor project after winning an open tender. The company was awarded the right to develop the PPP scheme for the project. Enterprise is ranked as the world’s number one engineering design firm in 2010 by Engineering News-Record and Architectural Record magazines. AECOM has approximately 47,000 employees in the whole world and revenue of company in 2009 reached 4.5 billion EUR. Company has expertise in the field of construction engineering, transport and environment infrastructure engineering (incl. designing, forecasting, financial modelling, strategic planning, resource optimization and management, PPP schemes, etc.). Baltic partner (also in Latvia) of AECOM is „NK konsultāciju birojs” that specializes in management and strategic advice of the projects co-financed by the European Union or other external financial sources, strategic and spatial planning of transport infrastructure and environment management.
| Financial expert: |
„PricewaterhouseCoopers” SIA, http://www.pwc.com/ |
| Task: |
Provide financial advice on appropriate financing model for the project, analysing options for a combined EU, private, state and municipal financing scheme. The company also represents financial interests of Riga city in tender procedures and contract negotiations. |
| International experience (projects/costs): |
- Construction of M25 motorway/around EUR 1.4 billion (UK);
- Construction of New Tyne Crossing/over EUR 105 million (UK);
- Port Mann motorway/around EUR 1 billion (Canada);
- E18-Lohia motorway (Finland)/ EUR 165 million,
- E18 motorway/ EUR 201 million (Norway),
- A1 and A2 motorway/ EUR 1.7 billion (Poland).
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PwC is an international company working in 150 countries and provides audit opinion services in tax, finance and business sectors. PricewaterhouseCoopers Latvia was established in 1993 and employs around 120 people, including certified auditors and other specialists with ACCA, CFA, CISA and CIA certificates. These are BSA, BAS, tax, IT and other specialists in business consulting.
| Legal expert: |
Hogan Lovells International LLP, http://www.lovells.com/
Law Office „Sorainen and partners", www.sorainen.com
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| Task: |
Provide legal advice and support in preparation of the project, selection of private partners and contract negotiations; prepare tender documents, including draft PPP agreement for construction and maintenance of the NTC. |
| International experience (projects/costs): |
- N6 Galway – Ballinasloe toll road (Ireland) – legal advice to the contractor on project funding worth EUR 400 million;
- Ostregion Packet 1 motorway project (Austria) – advice to the investor on PPP project worth EUR 1 billion;
- Trakia Motorway AD (Bulgaria) – legal advice to project company and bidders’ consortium on EUR 1 billion project;
- A41 toll road (France) – legal advice to project company on EUR 877 million worth project.
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Hogan Lovells International LLP is an international law company with 26 offices in 19 countries. Company’s core business is legal advice in business matters. Clients of the company include private businesses, among other also world-known business corporations and financial institutions, and public sector – state and municipal clients. The company has acquired extensive international experience in the field of legal services and consultancy for PPP projects.
Hogan Lovells International LLP work in Latvia through their associates – Sorainen Law Office. Such cooperation allows applying Hogan Lovells International LLP experience with knowledge of local legislation.