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Development Programme

Development programmeOn 19 May 2009, the Freeport of Riga Board approved the new Freeport of Riga development program for the period until 2018. On 15 September 2011, the Freeport of Riga Board approved amendment to the Freeport of Riga development program.

Development of infrastructure

Within the frameworks of the Freeport of Riga development program new infrastructure projects are being implemented that promote performance of business activities.

In 2009, a temporary berth was built in Žurku Sala, which allows the Panamax ships to be loaded up to the desired volume – 75 000 tons.

Project Development of Infrastructure on Krievu Sala for the Transfer of Port Activities from the City Centre.

Development of Krievu Sala is the largest infrastructure object in the Freeport of Riga and its total costs can be estimated in the amount of more than 111 million lats. In total, 65 ha will be uptaken, a 1780 m long quay will be built envisaged for the needs of 7 berths. Krievu Sala is mainly envisaged for development of bulk cargo and general cargo terminals. Deadline of the project is year 2012.

Project Reconstruction of stations of Riga railway network and connecting railway track envisaged for servicing of the Freeport of Riga.

Development of access infrastructure of the port comprises also improvements of mutual connection of railway, motorways and waterways. In order to solve accessibility in Kundziņsala, a project for construction of a new railway bridge and improvement of connected infrastructure has been elaborated, planned to be implemented from 2009 until 2013. This project is in direct context with the National container terminal being developed. Its construction will be commenced already this year, but all four planned development stages, including construction of new berths, enforcement of the bank, improvement of cargo places, construction of offices and warehouses, establishment of communications, improvement of motorways and railway, will be finished only in 2021. Total costs of the project are 7 million lats.

Project Reconstruction of Access Channel for Ships Entrance into the Port.

The project envisages deepening of the fairway up to 17 meters in section until Rīnūži, which will ensure entrance of Aframax class ships. Costs in the amount of 49 million lats have been planned. Reconstruction of East and West breakwaters is also planned. Currently, technical project of renewal has been elaborated, but the actual works are planned to take place in time period from 2012 until 2015.

The Freeport also plans construction of a new cruise ship and RoPax terminal in the Export port. It is planned to be finished until 2017, and total costs are estimated to 35 million lats.

Scenarios of perspective – pros and cons

Macro-economic tendencies show that the Freeport of Riga is located in a region of dynamically growing countries. On the one hand, it opens good perspectives for increase of cargo volume, on the other hand – high competitiveness and unstable political climate exists in the region. Just like in the rest of the world, decrease of growth speed can be observed in this region along the economic recession.

In the context of the Freeport of Riga and knowing that majority of the activity of the Freeport is connected with loading of energy resources (coal, petroleum products), as well as the fact that the mean price of energy resources in long-term will increase in the world, because reserves of fossil resources are limited but demand grows, ports of Latvia have good perspectives. However, it should be taken into account that decrease of the number of inhabitants in the Central and Eastern Europe, as well as CIS countries is prognosticated in next decades, which means also decrease of consumption.

Russia as one of export countries of energy resources plans to develop its own port network and infrastructure. However, for Russia to ensure sufficiently qualitative cargo shipment by land to ports, it has to overcome several obstacles, int. al. infrastructure of motorways and railways should be improved, which is financially and time-consuming process. It speaks in favor of Latvia.

Evaluating income of the Freeport, prognosis show – according to the optimistic scenario in 2030 it will be 80 million euro, according to the base scenario – 60 million euro, but according to the pessimistic scenario – 45 million euro.

It is rather difficult to determine precise influence of the port in numbers, because European institutes are only now elaborating a formula for its calculation. According to provisional calculations, operation of the Freeport of Riga provides approximately 3 to 3.3 % from the gross domestic product. Operation of the port has a multiple influence and currently we consider that it is on average 10 lats for each reloaded ton of cargo.

icon Freeport of Riga development program (2009 - 2018) (21.25 MB)
icon Freeport of Riga Development Programme Environmental Report (11.95 MB)
icon Freeport of Riga Development Programme Environmental Report Appendices (1.03 MB)
icon Freeport of Riga Development Programme + Environmental Report (18.19 MB)