Riga International Airport in Latvia has started construction work on the expansion of its northern terminal.
The airport is working towards increasing its capacity, and improving efficiency and customer services by expanding the area for handling non-Schengen passengers. It will also add four boarding gates.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
While the gateway is currently equipped to handle 3.5 million passengers annually, 2013 saw the airport handle close to 4.7 million passengers, pushing its limit.
The expansion will also help the gateway handle bigger aircraft in future.
Skonto Buve will handle the construction work under the supervision of Buvalts PMG, while Arhis Arhitekti is spearheading the project.
The airport said in a statement: "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."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe airport further stated that according to its current calculations, it expects the Riga International Airport will exceed the 5 million passengers per year mark in the next three years.
The project is being carried out under the airport’s business activities and is being financed from the revenues and credit funds raised from Pohjola Bank.
Image: Riga international airport has started its terminal expansion project. Photo: courtesy of Riga International Airport.
