Riga International Airport (RIX) in Latvia has unveiled its new medium-term development strategy until 2027, which involves more than 282.5 million dollars (247 million euros) in investments.
Under this strategy, called “Runway 2027”, the airport will invest in advanced and sustainable airport infrastructure and services. Its strategy will also focus on increasing passenger numbers and freight turnover.
In addition, RIX has set itself the goal of becoming an important aeronautical center in Northern Europe, supporting “Latvia’s connectivity and competitiveness in the region”.
Riga Airport Board Chairwoman Laila Odiņa said: “Growth rates in the pre-pandemic years testify to Riga Airport’s stable and indisputable leadership in the Baltic States. .
“Thanks to the successful development of infrastructure, the growth of the national carrier airBaltic, a competitive pricing policy and using the advantages offered by the geographical location, Riga airport has positioned itself as a hub for regional air traffic in North Europe.”
As part of its “Runway 2027” plan, RIX plans to invest $177 million (€155 million) for the expansion of the passenger terminal and the installation of an automatic baggage sorting system, the construction of roads, viaducts and car parks.
Around 66 million dollars (58 million euros) will be used to rebuild and renovate aircraft aprons, taxiways and to replace airfield transport machinery and other necessary investments.
RIX has set a target of nine million passengers and 48.5 thousand tons of air cargo served per year by 2027. It also aims to reduce the airport’s carbon emissions as part of its strategy.
In addition, the strategy aims to create an airport city center with a passenger terminal with an annual capacity of 12 million.
It will be connected to the Rail Baltica train station to create a multimodal transport hub.
RIX Airport City will be developed around the airport, with hotels, office centers, logistics, air cargo and e-commerce warehouses.
Artūrs Saveljevs, Board Member of RIX Airport, said, “We will develop Airport City as a multimodal traffic and logistics hub connecting different modes of transport and creating an environment conducive to business development.
“By providing a variety of services, work, meetings, knowledge exchange and recreation for travelers and local residents, Riga Airport will become a self-sufficient destination.”
In July last year, RIX joined ACI Europe’s Net Zero 2050 initiative, committing to achieve full carbon reduction in emission sources under its direct control by 2050.