In the final reading, the Saeima today adopted amendments to the law “On the transfer of state forest land to the municipality of Valmiera”, which provides for the establishment of a more favorable regulation for the industrial park of Valmiera to attract investors.
Amendments to the law were proposed by the coalition MPs Edmunds Jurēvics (JV), Harijs Rokpelnis (ZZS), Andris Šuvajevs (P), Juris Jakovins (ZZS), Jānis Skrastiņš (JV), Ervins Labanovskis (P) and Jānis Patmalnieks (JV).
The offer envisages determining the term of the lease or construction right according to a certain amount of investment in the Valmiera industrial park.
The law stipulates that if the planned and planned investment in the relevant real estate will be up to 30 million euros, then the term of the real estate lease or construction right can be a maximum of 45 years.
If the investments will be up to 70 million euros, then the term of real estate lease or construction right can be a maximum of 60 years. On the other hand, for investments over 100 million euros, the mentioned term will be a maximum of 70 years.
The amendments are directed in accordance with the international practice in investment attraction.
Valmiera. Photo: Paula Churkste/LETA
Tags: favorable regulation attracting investors determined Valmiera industrial park
