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    Reference: 20170895
    Release date: 4 September 2018

    Promoter – Financial Intermediary

    STARPTAUTISKA LIDOSTA RIGA VAS

    Location

    Description

    The project comprises a number of investments at Riga International Airport that are included in its five-year 2018-2023 investment programme. The investments are aimed at alleviating current congestion, accommodating future growth in passenger and cargo traffic and improving environmental, security and safety performance. The project includes the landside expansion of the terminal, a new rapid exit taxiway and cargo apron, the acquisition of Explosive Detection Systems (EDS) equipment meeting Standard 3 requirements, and other safety and environmental-related airside enhancements, such as the rehabilitation of several areas of airside pavement, the reconstruction of the storm water drainage system and the upgrade of the airside lighting system.

    Objectives

    The project is essential to maintain sound access for air transport to Latvia and the other Baltic States and will provide additional landside capacity at the airport in order to accommodate further growth in traffic, alleviate current bottlenecks and enhance operational resilience and passenger service standards. It will also increase the level of compliance of the facilities with the latest safety and security European regulations and increase its environmental performance. The project will result in the expansion of the departures terminal capacity and the improvement in cargo handling infrastructure, as well as safety and environmental improvements at Riga International Airport. The connection to the Rail Baltica railway station will be built as a result of the expansion of the departures terminal. Planned investments will result in the total increase of passengers by 1 - 1.5 million and a significant increase in cargo volumes.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 70 million

    Total cost (Approximate amount)

    EUR 139 million

    Environmental aspects

    The project investments fall under Annex II of the Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU amended by 2014/52/EU, meaning that the Competent Authority makes the decision as to whether a formal EIA is required or not. Compliance to this and to any other National and EU environmental legislation, including the Habitats and Birds Directives (92/43/EEC and 2009/147/EC respectively) and the EU Directive on Energy Performance of Buildings (2010/31/EU), as well as the status of any pre-existing development consents will be reviewed and assessed during the appraisal.

    Procurement

    The Bank will require the promoter to ensure that contracts for the implementation of the project have been and will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/24/EU or 2004/18/EC, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the European Union, as and where required.

    Status

    Under appraisal - 1/06/2018

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Latvia Transport