On October 1, 2009 the new PPP Law will come into force
The PPP Law clearly defines possible kinds of PPP in Latvia and linked procedures, sets potential public partner scope, prescribes procedures for PPP project implementation and monitoring, as well as envisages establishment of PPP monitoring and competence centre. The Law states that in case of PPP cost-efficiency calculations shall be done serving as basis for partnerships procurement contracts and shareholders agreements, and at the level of the legislative act the PPP notion shall be defined strongly restricting it. In the Law the PPP project accounting issue, as well as risk allocation in PPP projects is also stipulated. The draft Law also comprises norms referring to possible application of competitive dialogue procedure for selection of the private partner.
The PPP Law is available here. 
