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Wednesday 19.09.2018 | Name days: Verners, Muntis
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ABLV Bank owners invest in a project of Latvian Museum of Contemporary Art in spite of bank’s collapse

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUInāra and Boriss Teterevs, Ernests Bernis and Oļegs Fiļs have decided to continue the initiative regarding formation of a museum and investing in its fund more than EUR 1 million to finish development of a project launched by Latvian Museum of Contemporary Art.

This will be done in spite of the decision regarding deposit inaccessibility in ABLV Bank, which has severely impacted the fund of Latvian Museum of Contemporary art, denying access to funds for the museum’s development and processing of transactions with cooperation partners, says the museum fund’s board member Elīna Vikmane.

In total, patrons of the museum have invested around EUR 3.5 million in the museum’s development.

With additional funding, the museum’s fund will be able to finish and coordinate with state and municipal institutions its construction project. Museum’s development is currently at the last building design stage. It is being developed by Adjaye Associates (UK) architects’ bureau and AB3D (Latvia).

It is planned that the construction project will be fully coordinated over the course of 2018, as reported by Vikmane.

More than 30 companies and experts from Latvia, Finland, UK and Netherlands are involved in the museum’s design work. Foreign specialists are engaged in areas that require specific knowledge and skills associated with museum work, such as installation of lighting systems in exhibition halls, museum security, art logistics, etc.

The museum’s total area is planned at 8,000 m2 to ensure compliance with requirements for contemporary art exhibitions, a flexible planning area, halls with 200 seats with auxiliary rooms for performances, concerts, cinema and interdisciplinary events, as well as reading rooms, cafes, and staff rooms.

«Creation of the museum’s building is the largest initiative in Latvia’s culture space of the last 100 years. We are satisfied to be able to work on the museum’s development even under such complicated conditions,» says chairman of Latvian Museum of Contemporary Art’s fund Romans Surnačovs.

«In accordance with the protocol of intent signed in 2014, the museum’s fund and Culture Ministry have reached an agreement on cooperation principles for the realization of the museum’s initiatives, the ministry is committed to depositing state-owned pieces of contemporary art to the museum for expositions and public accessibility,» says Vikmane.


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