The reconstruction agreement is the biggest contract in the history of Jēkabpils, said Raivis Ragainis (Latvian Green Party), Chairman of Jēkabpils Municipality Council. The total cost of the works is EUR 16,931,289, including value-added tax (VAT).
The President acknowledged that the government had responded “very quickly” and thanks to support in raising funding, the municipality was able to conclude this agreement.
Chairman of the Board of Jēkabpils PMK Ltd Māris Dimants said that the project will be complex and challenging due to meteorological conditions, but the reconstruction will not only make the dam safe but also visually attractive.
Construction work is planned to start within the next two weeks and will take place in several stages at the same time. The largest amount of work is planned on the left bank of Daugava at a length of 5.1 kilometers.
Of the total eligible costs of the project, EUR 16,931,290 European Regional Development Fund (ERDF) financing is EUR 14,391,596, EUR 1,898,347 is co-financing of the State budget and EUR 641,347 – co-financing of the local government.