An upcoming auction for the capital shares of SIA 'Daugavpils autobusu parks' is scheduled to begin on April 7 at 1 PM. The starting price for this auction has been set at 1.46 million euros, as reported in the official publication 'Latvijas Vēstnesis.' This auction is a significant step as it marks the municipal decision to divest from the bus park, which is part of an ongoing reevaluation of public transportation assets by the Daugavpils City Council.

The decision to sell the capital shares followed a resolution made by the Daugavpils City Council on February 20, 2024. The council's vote was influenced by guidelines from the Competition Council related to the conditions under which public entities can participate in the capital market and criteria for evaluation. Additionally, considerations from the National Audit Office's reports regarding the engagement of newly established municipalities in public capital enterprises were also taken into account, highlighting the importance of assessing municipal responsibilities effectively.

This auction could have far-reaching implications for public transportation in Daugavpils, as it indicates a shift in the management of public assets and services. The outcome may impact local transport operations and services provided to residents, reflecting broader trends in public service management and privatization within local governments in Latvia.