Construction works are commenced at “Riga” International Airport to expand a passenger terminal

Construction works have been started regarding a project “Expansion of a passenger terminal of SJSC “Riga International Airport” 5th level – Northern terminal, 1st level of building”.

The construction works are performed by “Skonto Būve” Ltd., the construction supervision is provided by a general partnership “Būvalts P.M.G.”, the project belongs to “Arhis Arhitekti” Ltd.

The 1st level of construction of the airport terminal provides the expansion of the non-Schengen area and four additional boarding sectors, so that the quality of airport’s services would be improved. After finishing the construction works, it will be possible to maintain even bigger aircrafts in the new terminal, which also will increase the airport’s capacity.

Keeping in mind that with the capacity of the existing terminal it is possible to highly serve 3.5 million passengers per year, however, now the amount of passengers that have already been served reaches 4.7 millions. With this amount, expecting a further increase of passengers, it is necessary to expand the airport in order to provide proper services to airlines, favourable conditions and highly-qualified service to passengers.

The expansion of the terminal is very important to improve the competitiveness of SJSC “Riga”” International Airport” in Europe. The expansion is an essential condition to attract new airlines and commence their business activity in Riga International Airport, as well as expand the activity of the existing airlines, which, in its turn, would stimulate the development of Riga International Airport as the leading airport in the Baltic region.

According to current calculations, it is certain that Riga International Airport will most likely overcome the verge of 5 million passengers per year not later than in 2017.

The airport realizes this project under its business acitivities by financing the project from the revenues and creditfunds raised from POHJOLA BANK PLC.