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2010 February 5   07:55

Port of Riga to invest 85 million euro for Krievu Island dry bulks facilities

Riga Port Authority (Latvia) plans to invest infrastructure of the Krievu island (Russian) at amount of 85 million euro. The investment project includes four bulked cargoes berths (including coal), the railway line, warehouses and communication network. The project will be financed through EU funds, RZD-Partner.Ru reports with reference to BNS.

We plan has been submitted for endorsement by the Ministry of Communications of Latvia and at the Ministry of Finance, before Brussels. The port has prepared a feasibility study for the project, environmental issues and other documents so the project could be funded by EU, said Viesturs Silenieks, the Riga port’s board member.

According to an earlier interview with Vladimir Makarovs, the chief manager of port project planning and management department, the coal terminals should be moved to the island of Krievu, from the city center to the gates of the port.

Vladimir Makarovs had noted four deep-water berths for coal and bulk terminals facilities, road and rail network and other infrastructure to be built on the island before the end of 2012.

The projected Krievu Island terminals capacity will be reportedly at14-16 million tons of bulk cargoes a year, expandable to 26 million tones.

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