Skip to main content

Mechanism for Investment in the Transport Infrastructure Development in Latvia

  • Conference paper
  • First Online:
Reliability and Statistics in Transportation and Communication (RelStat 2017)


Well-developed and efficient infrastructure is crucial for ensuring the effective functioning of the economy. A considerable lack of industry financing certainly affects the assessment of the quality of the overall infrastructure in a global context; according to the report by the World Economic Forum, Latvia languished in 51st position in its global league table for overall quality of the transport infrastructure provision [1]. In countries that have a high rating on the quality of the overall infrastructure, for example, Germany and Great Britain, appropriate investment mechanisms have been developed. They set benchmarks for decision-making and evaluation of investment efficiency. The goal of this study is to develop a conceptual approach to the creation of an investment mechanism for Latvia, based on the experience of Germany and other countries having a high rating of the quality of the overall infrastructure. In general, the results of the study can be useful in developing financial mechanism for investing in the development of transport infrastructure in Latvia as an integral part of the investment policy for the industry development.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
USD 129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions


  1. World Economic Forum: The Global Competitiveness Report 2016–2017, Geneva (2016). Accessed 05 Nov 2017

  2. Panayiotou, A., Medda, F.R.: Attracting private sector participation in transport investment. Procedia-Soc. Behav. Sci. 111, 424–431 (2014)

    Article  Google Scholar 

  3. Oxford Economics: Assessing the global transport infrastructure market: Outlook to 2025 (2015). Accessed 17 June 2017

  4. Zhan, J.: Investment, Infrastructure and Financing the Sustainable Development Goals. WTO, 16 February 2015 (2015)

    Google Scholar 

  5. Ouaki, S.: Financial perspectives for EU’s transport infrastructure, European Commission and DG mobility and Transport, Riga, 20 October 2016 (2016)

    Google Scholar 

  6. BR, Business Roundtable Road to Growth: The Road for Investing in America’s Transport Infrastructure, Washington (2015)

    Google Scholar 

  7. Schenk, M., Behrendt, F., Trojahn, S., Müller, A.: Verkehrsinfrastruktur-Entwicklungschancen durch effiziente Logistik, pp. 95–100. Jahrbuch Logistik (2014)

    Google Scholar 

  8. Arvis, J.-F., Saslavsky, D., Ojala, L., et al.: Connecting to Compete 2016 – Trade Logistics in the Global Economy. World Bank; S.X, Washington (2016)

    Book  Google Scholar 

  9. Schwab, K., Sala-i-Martín, X.: The Global Competitiveness Report 2016–2017. World Economic Forum, Geneva, p. 188f (2016)

    Google Scholar 

  10. Daehre, K.-H.: Zukunft der Verkehrsinfrastrukturfinanzierung. Final report, Federal and State Commission, Magdeburg, p. 37, 62 (2012)

    Google Scholar 

  11. Bundesministerium für Verkehr und digitale Infrastruktur (BMVI). Verkehr in Zahlen 2016/2017, Statistics, DVV Media Group GmbH, 45. Edition, Hamburg, p. 24f, 244f (2016)

    Google Scholar 

  12. Bundesministerium für Verkehr und digitale Infrastruktur (BMVI). Verkehrsinvestitionsbericht für das Berichtsjahr 2014. Drucksache des Deutschen Bundestages 18/8800, 18, Wahlperiode, p. 17 (2016)

    Google Scholar 

  13. Weitz, H.: Öffentliche Verkehrsinfrastruktur (2017). Accessed 02 Aug 2017

  14. LIAA: Transport and Storage, Investment and Development Agency of Latvia (2017). Accessed 12 June 2017

  15. Ministry of Transport of Latvia (2016). Accessed 02 July 2017

  16. OECD: OECD Report “Strategic Transport Infrastructure Needs to 2030” (2015)

    Google Scholar 

  17. BCA: Infrastructure funding and financing, Securing investment in Australia’s future, Business Council of Australia, BCA (2013)

    Google Scholar 

  18. Doll, C., Schade, W.: How using the Revenues of the German HGV motorway system efficiently and equitable under different regulatory frameworks and institutional settings. In: Proceedings of the 4th Infra-Train Conference, Berlin, 08 October 2005, p. 4 (2005)

    Google Scholar 

  19. Bundesministerium für Verkehr und digitale Infrastruktur (BMVI). ÖPP-Modelle (2017). Accessed 02 Aug 2017

  20. European Commission: European Strategies (2011). White Paper.

  21. Investments in the development of transport infrastructure. Achieving high results with the least cost, Infra-2, PriceWaterHouse Coopers Int., Ltd. (2012). (in Russian)

    Google Scholar 

  22. HM Treasury: The Green Book. London, TSO (2013). Accessed 07 Aug 2017

  23. Barfod, M.B., Salling, K.B., Leleur, S.: Composite decision support by combining cost-benefit and multi-criteria decision analysis. Decis. Support Syst. 51(1), 167–175 (2011)

    Article  Google Scholar 

  24. Van Wee, B.: How suitable is CBA for the ex-ante evaluation of transport projects and policies? a discussion from the perspective of ethics. Transp. Policy 19, 1–7 (2017)

    Google Scholar 

  25. Leleur, S., Petersen, N.B., Barfod, M.B.: The COSIMA approach to transport decision making: combining cost-benefit and multi-criteria analysis for comprehensive project Appraisal. In: Korean Development Institute and World Bank Conference, Seoul, pp. 2–5 (2007)

    Google Scholar 

  26. Macharis, C., Bernardini, A.: Reviewing the use of multi-criteria decision analysis for the evaluation of transport projects. Time for a multi-actor approach. Transp. Policy 37, 177–186 (2015)

    Article  Google Scholar 

  27. Saaty, T.L.: Decision making with the analytical hierarchy process. Int. J. Serv. 1(1), 83–98 (2008). University of Pittsburgh

    Google Scholar 

  28. Goodwin, P., Wright, G.: Decision Analysis for Management Judgments, 3rd edn. Wiley, Chichester (2004)

    Google Scholar 

Download references

Author information

Authors and Affiliations


Corresponding author

Correspondence to Irina Kuzmina-Merlino .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2018 Springer International Publishing AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Kuzmina-Merlino, I., Skorobogatova, O., Schmidtke, N., Behrendt, F. (2018). Mechanism for Investment in the Transport Infrastructure Development in Latvia. In: Kabashkin, I., Yatskiv, I., Prentkovskis, O. (eds) Reliability and Statistics in Transportation and Communication. RelStat 2017. Lecture Notes in Networks and Systems, vol 36. Springer, Cham.

Download citation

  • DOI:

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-74453-7

  • Online ISBN: 978-3-319-74454-4

  • eBook Packages: EngineeringEngineering (R0)

Publish with us

Policies and ethics