Riga Port Group partners with China Road and Bridge Corporation to develop logistics and manufacturing centers on Krievu sala and Kundzinsala
Riga Port Group JSC (RPG) today has signed a Memorandum of Cooperation with China Road and Bridge Corporation (CRBC), that marks a significant step forward in the development of the Port of Riga.
Riga Port Group JSC (RPG) today has signed a Memorandum of Cooperation with China Road and Bridge Cooperation (CRBC), that marks a significant step forward in the development of the Port of Riga. During a multi-day visit to Riga, the CRBC management team explored the port's operations and assessed its infrastructure development and construction plans.
Under the Memorandum, RPG and CRBC will jointly develop a logistics center on Krievu sala. This center will focus on the production of electric vehicles, renewable energy equipment, and related components. Additionally, the partnership will focus on creating a logistics and industrial park on Kundzinsala. To ensure the successful implementation of these ambitious projects, a transnational working group will be established, which over the coming year will finalize the cooperation model, prioritize and start the execution of the projects.
Ansis Zeltiņš, Manager of the Freeport of Riga, remarked: "As the stevedores at the Port of Riga increasingly diversify their operations away from Russian-origin cargo, it is crucial to attract new manufacturing companies directly to the port. By streamlining the logistics chain, manufacturers can enhance the efficiency and effectiveness of their goods distribution. The Port of Riga has great potential for development, given both the available land for development and the existing infrastructure."
Miķelis Lapše, Chairman of the Board of RPG, stated: "We are delighted to have signed the Memorandum of Cooperation with CRBC. This marks an important first step toward successful collaboration in developing industrial and logistics parks within the Port of Riga for both Latvian and Chinese companies. As cargo flows from Russia and Belarus decline, our focus is shifting towards global manufacturers whose products are traded worldwide. The Port of Riga offers an ideal environment for efficiently organizing their production processes."
The European Union's (EU) Green Deal objectives are crucial for all EU Member States, with the overarching goal of achieving climate neutrality by 2050. This includes substantial emission reductions across agriculture, manufacturing, and transport sectors. The new logistics centers on Krievu Island and Kundzinsala will play a significant role in advancing these goals, contributing to a more sustainable future.
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