newstodate.aero
Sep 30, 2009 (newstodate): The Latvian government has now officially scrapped the ambitious plans for construction of a new passenger terminal at Riga International airport, based on overly optimistic traffic forecasts.
The existing prognosis, now abandoned, estimates an increase in passenger volumes to 30 mio over the next ten years, while the revised volume would now rather seem to be about 10 mio.
The government has thus decided to break the contract, won through a tender process by the Turkish construction company TAV.
The government will now work out a new, revised short and medium-term plan for the development of the airport's infrastructural requirements, to be presented by year-end 2009.
airBaltic has earlier said it would consider teaming up with other investors to finance the building of a new passenger terminal if the state pulled out from the earlier agreement.
The existing prognosis, now abandoned, estimates an increase in passenger volumes to 30 mio over the next ten years, while the revised volume would now rather seem to be about 10 mio.
The government has thus decided to break the contract, won through a tender process by the Turkish construction company TAV.
The government will now work out a new, revised short and medium-term plan for the development of the airport's infrastructural requirements, to be presented by year-end 2009.
airBaltic has earlier said it would consider teaming up with other investors to finance the building of a new passenger terminal if the state pulled out from the earlier agreement.