newstodate.aero
Feb 10, 2010 (newstodate): Nothing seems to be able to bog down the aspirations of the Latvian carrier airBaltic as the government yesterday
approved its plans for the construction of a new terminal at Riga Airport.
airBaltic plans to build a 58,000 sq m terminal with capacity to to handle up to 15 million passengers a year.
Total investments are expected to amount to more than 92 million euros, to be secured without state involvement as airBaltic together with other investors will foot the bills, and the carrier is also negotiating with several banks on project financing.
airBaltic will negotiate with the Turkish airport construction and managing company TAV on the construction and operation of the terminal, and the airline is also negotiating with several banks on project financing.
Bids for tender on construction and architectural design will be launched in the near term.
In March 2009, TAV was declared the winner of the tender for developing Latvia's state-owned Riga Airport, with the next step to be the formation of a JV between the airport and TAV that confirmed itself ready to start the construction of a new airport terminal and a second runway by the middle of 2010, aiming at completing the first stage in June, 2012.
But after revising the estimates for the short and medium growth in passenger volumes, Riga Airport recommended to the Latvian ministry of transport that the tender process with TAV be discontinued, and the process was stalled in September 2009.
approved its plans for the construction of a new terminal at Riga Airport.
airBaltic plans to build a 58,000 sq m terminal with capacity to to handle up to 15 million passengers a year.
Total investments are expected to amount to more than 92 million euros, to be secured without state involvement as airBaltic together with other investors will foot the bills, and the carrier is also negotiating with several banks on project financing.
airBaltic will negotiate with the Turkish airport construction and managing company TAV on the construction and operation of the terminal, and the airline is also negotiating with several banks on project financing.
Bids for tender on construction and architectural design will be launched in the near term.
In March 2009, TAV was declared the winner of the tender for developing Latvia's state-owned Riga Airport, with the next step to be the formation of a JV between the airport and TAV that confirmed itself ready to start the construction of a new airport terminal and a second runway by the middle of 2010, aiming at completing the first stage in June, 2012.
But after revising the estimates for the short and medium growth in passenger volumes, Riga Airport recommended to the Latvian ministry of transport that the tender process with TAV be discontinued, and the process was stalled in September 2009.