The problems of investment projects management

The system of longterm planning has been established by European Union in Latvia. The European financing funds are the main tools in this system for achievement of longterm goals. The EU funds management is mean to work out, to coordinate and to approve plans, to establish criterions of estimation, to select of projects, to control of projects implementation and to estimate of results. The weak places of projects administration is stage of projects selection and estimation of project implementation. Analyzing some infrastructural projects for municipalities in 20072015 has been concluded that construction costs for the stage of select, as a rule, mark down; and there is a possibility of projects selection for administrative territories where its inhabitants do not plan to use offered services.