Riga Airport seeks investment to aid new cargo complex development

(Photo: RIX)

Investors will be offered building rights near the new RIX Cargo City expansion

Riga Airport has announced an international tender to help attract an investor for the construction of new developments within the airport’s territory.

In hopes of creating a new air cargo segment, the airport wants a new multi-functional freight handling and logistics complex.

As an incentive to invest, the airport is offering investors the opportunity to acquire building rights for 30 years to a plot of land in an area of 1.5 hectares. This will be in the northern part of the territory, where the airport is developing a specialised air cargo handling area called RIX Cargo City.

The land offered to investors is also next to the new cargo handling apron which began operations in October. The area allows flexible planning of aircraft layout and accommodation of the largest category F and E aircraft. The underground refuelling hydrant will help increase service speed as well as the potential to reduce environmental pollution.

Laila Odina, the chairperson of the board of Riga Airport, said: “In order to make Riga Airport even more attractive to investors and cargo carriers, in recent years the Airport has made extensive investments in the development of modern and sustainable cargo handling infrastructure.”

It is expected by the airport that RIX Cargo City’s handling capacity will exceed 60,000 tonnes per year.

Currently, cargo carriage at Riga is provided by seven airlines including Atlas Air, Altran, Eleron, FedEx, UPS and DHL.

Airfreight in Latvia presently consists of four business lines, these are import and export of high-value goods, mail and e-commerce, air cargo transit and non-military cargo transit to Afghanistan.

Cargo turnover at the site accounts for more than half of the total turnover in the Baltic states, with more than 18,000 tonnes of cargo handled this year.

In order to apply, the tenderer of its partners must be air cargo companies with a minimum of three years’ experience within the last five years.