Riga Port Authority is to invest €85 million on dry bulk infrastructure on Krievu island, which forms part of Russia. There will be four cargo berths, where bulk commodities including coal will be handled. The facility will also be rail linked.
The investment will be provided from EU funds. The project, which should be completed by the end of 2012, will have capacity of 14-16 million tonnes of dry bulk cargo, although this could be expanded to 26 million tonnes if required.