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Renovation of Kemeri sanatorium

Latvia: Renovation works of the historically renowned sanatorium located in Kemeri to be completed by 2019.

Representatives of Jurmala City Council and Park Hotel Kemeri have signed a memorandum of intent confirming their concrete determination to invest up to 35 million EUR in renovation works to Kemeri sanatorium, a real estate complex significantly decayed over recent decades due to minimal government support towards its maintenance. The memorandum has been deemed crucial for obtaining funds from the European Union, thus ensuring the success of the project. Similarly, the local municipality will contribute 11.23 million EUR towards the overall improvement of Kemeri, with specific attention to regenerating the adjacent park, improving the local road network, as well as other crucial infrastructure projects core to the further socio-economic development of the city of Jurmala.

The project is estimated to be finalised by the end of 2019.

Executed by: Limited Liability Company “Park Hotel Kemeri” and the municipality of Jurmala

Estimated total investment amount: 35 million EUR plus a 11.23 million EUR investment by the municipality

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