The Port of Riga is gearing up for a transformative year in 2025, with key projects and initiatives aimed at enhancing its infrastructure and operational capabilities. Chairman of the Board of the Freeport of Riga, Sandis Steins, revealed plans for a new passenger terminal, improved maritime access, and industrial expansion.
An agreement for financing and constructing a state-of-the-art passenger terminal is expected to be finalized within the next year. Simultaneously, work is set to commence in the port’s water area to demolish the ED dam, a move that will allow large cruise ships and passenger ferries to dock at the new terminal.
Steins emphasized the importance of negotiations with line operators to restore regular passenger ferry services to and from the port. This initiative, undertaken in collaboration with Riga Municipality and the Ministry of Economics, is a significant step towards revitalizing passenger traffic.
The Port of Riga is also focusing on fostering closer ties with city institutions to support the development of manufacturing companies in the port and harbor areas. Enhancing road transport links between these areas is a top priority to ensure seamless logistics operations.
Despite global uncertainties, including conflicts in Ukraine and the Middle East and concerns over US trade policies, the Port of Riga remains optimistic about cargo performance in 2025. Analysts and terminal representatives forecast stable cargo volumes, with potential growth driven by Latvia’s economic recovery and demand in key export markets.
However, Steins cautioned about potential disruptions in global supply chains due to sanctions, trade wars, and other geopolitical factors.
The port’s long-term strategy centers on becoming a high-value industrial cluster with modern production facilities and advanced logistics services. Key priorities include the digitization and automation of port operations and aligning with the European Union’s climate neutrality goals.
“The industry is moving towards climate neutrality,” Steins noted, highlighting the growing adoption of zero-emission technologies and renewable energy initiatives. The arrival of alternative fuel vessels at the port marks a significant step in this direction.
Major development projects in Kundziņsala and Spilve are on the agenda for 2025. These include:
- Wind turbine manufacturing plant: Negotiations with a potential developer are underway.
- Biofuel production facility: A new project set to enhance the port’s green energy profile.
- Solar energy park: A renewable energy initiative planned for Spilve.
Steins reiterated the importance of attracting investors and supporting private entrepreneurs in these ventures, emphasizing their role in driving sustainable growth and positioning the Port of Riga as a modern, eco-friendly logistics hub.
As the Port of Riga embarks on these ambitious projects, its leadership remains committed to balancing economic development with sustainability and innovation.
Senior Reporter at AMN News Agency, known for his insightful journalism and in-depth coverage of current events.
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