The Importance of European Union Funding for Infrastructure Development in Latvia
Riga Technical University 53rd International Scientific Conference: Dedicated to the 150th Anniversary and the 1st Congress of World Engineers and Riga Polytechnical Institute / RTU Alumni: Digest
2012
Laura Zabarovska,
Ineta Geipele
Good infrastructure historically proved to be an
indispensable precondition for the sustainable economic
development of the nations; however national budget
restrictions are leading governments, even in developed
countries, to use structural funds and private financing for
infrastructure projects as they are not able to fully finance
them through the government budget.
The paper deals with the problem of relocation of
financing sources for infrastructure development in Latvia.
In the paper the authors focus on road construction industry
and aggregates market as well as the industry has a huge
need for raw materials: sand, gravel and granite, and
searches continually for cheap sources for road
construction, maintenance and repair projects, thus having
negative impact on quality of works and sustainable
development.
Keywords
infrastructure, road construction, financing sources
Hyperlink
http://scientific-conference2012.rtu.lv/sites/default/files/pdf/RTU_Conference_2012.pdf
Zabarovska, L., Geipele, I. The Importance of European Union Funding for Infrastructure Development in Latvia. In: Riga Technical University 53rd International Scientific Conference: Dedicated to the 150th Anniversary and the 1st Congress of World Engineers and Riga Polytechnical Institute / RTU Alumni: Digest, Latvia, Riga, 11-12 October, 2012. Riga: Riga Technical University, 2012, pp.750-750. ISBN 978-9934-10-360-5.
Publication language
English (en)