Nordea and Pohjola bank provide EUR 80.2-mln credit for development of Riga port at Krievu island

Nordea Bank Finland and Pohjola Bank provide EUR 80.2-mln credit for the development of Riga port at the Krievu island. According to the press release of Nordea Bank Finland, the project implies the transfer of port facilities from the city to the Krievu island (Russian island). 

Freeport of Riga lies on both banks of the River Daugava covering 6.3 hectares. The port’s berth length is 13,800 meters, maximum draft at the berths is 12.2 meters. Up to 80% of the Freeport of Riga cargo turnover is made up of transit cargoes forwarded to or received from the CIS countries. In 2012,  Freeport of Riga increased its throughput by 5.8%, year-on-year, to 36,051,900 tonnes of cargo.