📋 Tender Overview
Location: Latvia
Project number: 54196
Business sector: Transport
Notice type: State
Environmental category: B
EBRD Finance Summary: EUR 75,000,000.00
Total Project Cost: EUR 167,000,000.00
Project Description
Provision of up to EUR 75 million senior sub-sovereign loan to Riga Airport ("the Airport"). The loan will finance the construction of a new energy efficient multimodal passenger terminal, to remove existing bottlenecks at the check-in and security areas and enable the Airport to utilise its full capacity (the "Project", or the "Terminal"). The investment plan will comprise construction of a modern check-in hall and security control area, baggage reclaim halls, and baggage handling and sorting centre. The Terminal will be constructed alongside the old terminal, which will be also modernised and improved to meet the Airport's needs. The Terminal will become a key interchange in Latvia as it will be connected to both public (through the Rail Baltica Railway Airport station) and private transport. The Project is expected to be co-financed by the Nordic Investment Bank ("NIB") and commercial bank(s).
Project Objectives
The Project will improve efficiency of the Airport's operations by addressing existing bottlenecks in its check-in and security areas, as well as enhancing Airport's energy efficiency.
The investments will include green certified building investments and comprehensive energy, resource efficiency and sustainability measures into the Terminal. The Terminal is to receive a BREEAM (Building Research Establishment Environmental Assessment Method) certification while the Airport is expected to continue its carbon accredited reduction, as per the Net Zero 2050 targets.
Transition Impact
ETI score: 63
Competitive: Construction of a new, and reconstruction of the existing, terminals are expected to generate significant cost efficiency improvements on back of the reduced energy consumption and improved energy efficiency at the Airport.
Inclusive: the Project will aim to introduce a skills / training component so as to enhance access to economic opportunities by strengthening a talent pool of market-relevant skills and a range of new nationally relevant training programmes. This component would focus on attracting female recruits.
Financing Sources:
2) Nordic Investment Bank (NIB)
Fabianinkatu 34,
P.O. Box 249,
FI-00171 Helsinki,
Finland
Email: info@nib.int
Tel +358 10 618 001
Fax +358 10 618 0725
https://www.nib.int/
