OREANDA-NEWS. November 27, 2007. In nine months of 2007 the value of construction output reached LVL 1111,1 million, an increase of 14,2 percent in comparison to nine months of 2006, according to the Central Statistical Bureau.

In the 3rd quarter the value of construction output reached LVL 508,7 million, an increase of 13,2 percent compared to the 3rd quarter of previous year.

Compared to the nine months of 2006, the value of new construction has increased by 27 percent or LVL 133,1 million. The value of repair and reconstruction - by 1 percent or LVL 4,8 million, respectively.

The new construction and repair and reconstruction of magisterial pipelines, communications and power lines has increased 1,5 times, of administrative buildings – 1,4 times, of residential buildings – 1,3 times. Over the same period there have been decreases of 18 percent in the construction of local pipelines and cable lines and 14 percent in the construction of hotels and similar buildings.

In nine months of 2007 residential buildings with a total floor space of 811,400 square meters were commissioned; of these 324,400 square meters were built on account of the resources of the population.

In the nine months of this year the value of own account construction work done outside the Republic of Latvia was LVL 8,5 million. The bulk of construction work was actually done in the countries of the European Union and the CIS countries, LVL 5 million and LVL 3,3 million, respectively. Over the same period the value of construction work done by non-resident construction organisations in the Republic of Latvia has amounted to LVL 5,1 million.

In nine months of 2007 many important objects of national economy were commissioned, for instance in Riga - new building of Administrative Regional Court, reconstructed B-class office building "NTP Biznesa centrs", passenger tunnel in Riga Port, in Ventspils - newly erected therapy building of Ventspils Hospital, in Liepaja - reconstructed complex of Immigration an Naturalization Service and administrative buildings of Liepaja Port border checkpoint, in Madona District - new secondary school building in Cesvaine, in Riga District - new bypass of Saulkrasti and new complex of warehouses and production buildings in Olaine.