A hi-tech science park is to be developed next to Riga International Airport for EUR 17 mln, according to information published on the website of the Latvian Public Procurement Monitoring Bureau, informs LETA.

The project will be implemented by Zinatnes Parks, a company owned by the Latvian Electrical Engineering and Electronics Industry Association (28 %), and the industry’s companies HansaMatrix (24 %), SAF Tehnika (24 %) and LEO Petijumu Centrs (24 %).

The contract price of the construction project is planned at EUR 17 mln. The science park will be developed in a 500 hectares-large territory.

December 7, 2016 is the deadline for binds in the construction tender. The construction works are expected to be finished by December 31, 2019.

The construction works will be co-funded by the EU.