| Project Detail |
Location:
Latvia
Project number:
54196
Business sector:
Transport
Notice type:
State
Environmental category:
B
Approval date:
12 Jun 2024
Status:
Passed Concept Review, Pending Final Review
PSD disclosed:
09 Apr 2024
Project Description
Provision of up to EUR 75 million senior sub-sovereign loan to Riga Airport ("the Airport"). The loan will finance the construction of a new energy efficient multimodal passenger terminal, to remove existing bottlenecks at the check-in and security areas and enable the Airport to utilise its full capacity (the "Project", or the "Terminal"). The investment plan will comprise construction of a modern check-in hall and security control area, baggage reclaim halls, and baggage handling and sorting centre. The Terminal will be constructed alongside the old terminal, which will be also modernised and improved to meet the Airports needs. The Terminal will become a key interchange in Latvia as it will be connected to both public (through the Rail Baltica Railway Airport station) and private transport. The Project is expected to be co-financed by the Nordic Investment Bank ("NIB") and commercial bank(s).
Project Objectives
The Project will improve efficiency of the Airports operations by addressing existing bottlenecks in its check-in and security areas, as well as enhancing Airports energy efficiency.
The investments will include green certified building investments and comprehensive energy, resource efficiency and sustainability measures into the Terminal. The Terminal is to receive a BREEAM (Building Research Establishment Environmental Assessment Method) certification while the Airport is expected to continue its carbon accredited reduction, as per the Net Zero 2050 targets. |
