CP was formed in 1994, with the privatization of the Riga municipal enterprise "Celu parvalde." The Riga City Council and the company's employees participated in privatization. At that time, the company's share capital was 316 thousand lats that was the value of company's technological and industrial base. At that time, 50% shares were held by Riga City Council, 5% - by State Social Insurance Agency, 44.5% - by company’s employees and 0.5% served on the board’s margins, because it was so stated by legislation at that point in time. Today the situation is different - share capital increased to nearly 1.7 million lats and the Riga City Council owns 88.7% shares, the State Social Insurance Agency - 0.9%, individuals -10.4%.
In the past, there were no tenders; therefore, CP as a local municipal company set specific tasks to be fulfilled. While in the late nineties the procedure for awarding government contracts has changed across the country, so CP in the same way as other enterprises, receives orders from Riga municipality only under auction or tender procedures. CP has always actively participated in tenders matching its business profile to increase amount of work, as well as mastered new technologies and scopes of activities. Significant positive changes in business CP started up with an initiation of operation of new asphalt plant (Amman).
In the spring of year 2013 as the owner of 88,73 shares become private company.
The company has works consistently profitably that allowes to invest much of the profit in business development - new, modern road and street routine maintenance machinery is acquired, new technologies are introduced, directions of activities are developed.