RIX Riga Airport

approved

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). The Project is expected to be co-financed by the Nordic Investment Bank ("NIB") and commercial bank(s).