Investments into infrastructure of port Ventspils (Latvia) to make EUR 25.6 mln in 2015

In 2015, Ventspils port infrastructure investments planned for 25.6 million euros, including 11.9 million euro from the European Union Cohesion Fund, pc of the port authorities says. 

The year of 2015 is to see the completion of a several large-scale infrastructure projects — construction of Berth No.12, construction and reconstruction of access roads to terminal and industrial sites located within the Freeport of Ventspils, reconstruction of the berth for the fleet of the Freeport of Ventspils Authority and repair of the protective wall. A project aimed at ground stabilization along some berths has been launched recently. Continuing to develop an industrial sector, construction of two new industrial buildings, Electronics Centre and Technology Centre, is underway, co-financed by EU funds. 

Ventspils port is located near Venta river. There are terminals for loading and unloading of crude and oil products, liquid chemicals and fertilizers, metal and coal, timber and fish, containers and Ro-Ro trailers. In 2014, the port handled 26.02 mln t of cargo (-9%, year-on-year).