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TRIMIS

Study on the possible transformation of Latvia's large port authorities into state capital companies

PROJECTS
Funding
Latvia
Latvia Flag
Duration
-
Status
Complete with results
Geo-spatial type
Infrastructure Node
Total project cost
€1 200
Project website
Transport mode
Waterborne icon
Transport policies
Deployment planning/Financing/Market roll-out
Transport sectors
Freight transport

Overview

Objectives

The aim of the work is to evaluate the existing Latvian large port management model, its application practice, experience, and administration models abroad, as well as the existing laws and regulations in the field of enterprise management.

Additionally, it aims to provide an assessment of the advantages and disadvantages of the existing port management model and opportunities to transform port authorities into companies, as well as to make proposals for actions of transforming port authorities into capital companies.

Funding

Funding Source
Ministry of Transport Republice of Latvia

Results

The study found that port administration at the European Union’s ports are mainly realised by the state, as well as state and municipal owned companies. Management of Latvian ports, operated by state enterprises, is offered in two ways:

  1. by using one capital company to manage all three large ports, or
  2. by setting up separate companies for each port management. 

The study analyses the existing restrictions and conditions that must be considered when forming ports into companies. The study acknowledges that there is no doubt that port management can also be implemented within the management structure of state-owned companies, in compliance with the existing regulatory framework. With the introduction of the new governance model, it is also necessary to make decisions on the distribution of shares (stocks) of the company between the state and the local government, taking over the responsibilities of the existing port authorities and a number of other practical issues.

 

Partners

Lead Organisation
Organisation
Ministry of Transport Republic of Latvia
Address
Gogoļa Street 3, Riga, LV-1050, Latvia
Organisation website
Partner Organisations
EU Contribution
€0

Technologies

Technology Theme
Infrastructure management
Technology
Port and Terminal Knowledge Landscape (PTKL)
Development phase
Validation

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