Infrastructure

Business public infrastructure for the development of industrial parks and areas
The RRF investment measure No. 3.1.1.3.i. “Investments in business public infrastructure for the development of industrial parks and areas in regions” will provide support for the establishment of functioning and operational 6-8 industrial parks of national importance in the regions of Latvia (with the exception of the planning region of Riga) in order to promote economic activity in the regions and to reduce regional differences. As part of the investment, it is planned to develop previously abandoned industrial areas creating them as industrial parks that would contribute to the development of the local economy. As a result of the investment, entrepreneurs will have the opportunity to develop innovative, climate neutral and “green” products and services, which in turn would contribute to the introduction of GHG reduction solutions in other sectors, thereby reducing overall GHG emissions. The project submitter shall ensure that the project does not threaten the environmental principles established by the principle “Do no significant harm” and meets the criteria subordinate to them, including climate change mitigation, to avoid significant GHG emissions and in relation to the objective “adaptation to climate change”, in order not to result in an increase in the adverse effects of the current climate and expected climate on the activity itself or on people, nature or assets. The implementation of projects under the investment is planned to commence in 2023.

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