Translated using ChatGPT service.
The Ministry of Economics, together with the industry, has developed the Roadmap for the Development of Latvia's Major Ports for 2025–2027, which includes strategic measures to improve the competitiveness and development of Latvian ports over the next three years.
The roadmap outlines the key development directions that will help the ports become strong pillars of Latvia’s economy, transit, and logistics, fostering national growth and attracting investments.
The document was created in collaboration with the administrations of Latvia's major ports – Riga, Ventspils, and Liepaja, stevedoring companies, port entrepreneurs, business organizations, and other ministries, to establish specific action directions and support measures for the development of Latvia's major ports. The roadmap identifies two main objectives: increasing and diversifying cargo volumes, and enhancing the competitiveness and productivity of the ports, as well as a number of specific initiatives aimed at increasing efficiency, digitalization, green transformation, and strengthening military mobility.
Minister of Economics Viktors Valainis: "The development of Latvia's major ports is a key element in strengthening our country's logistics and transport sector. With this roadmap, we aim not only at port modernization and efficiency improvement but also at ensuring sustainable growth. We want Latvian ports to be competitive and innovative transport hubs that attract investments and foster economic development. This roadmap will create new opportunities for entrepreneurs while taking care of the environment and security."
The Roadmap for the Development of Latvia’s Major Ports outlines six strategic action directions, with more than 80 activities to achieve the objectives. These include:
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New markets and export promotion – activities related to exploring external markets, supporting exporters, and providing necessary support programs for business development.
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Attracting investments – activities aimed at promoting investments in industrialization projects in the ports.
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Port infrastructure development – focusing on investments in public infrastructure.
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Optimization of port operations and cooperation, and improving port management models – measures to improve the efficiency of port administrations, reduce administrative costs, and refinance loans.
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“Green transformation,” digitalization, and innovation – actions focusing on the development of green infrastructure in ports, the use of alternative energy sources, digitalization, and the implementation of modern technologies.
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Military mobility and defense industry logistics chain – activities aimed at positioning ports as strategically important objects in national defense.
By implementing the activities planned in the roadmap, the expected cargo turnover in Latvian ports by 2027 would reach approximately 47 million tons (compared to 36 million tons in 2024). Passenger volumes at the ports would reach 1 million, compared to 0.4 million in 2024, including cruise ship passengers. Industrial production turnover in the ports is expected to increase by 10%.
Tomorrow, the issue of the Roadmap for the Development of Latvia’s Major Ports for 2025–2027 will be discussed at the meeting of the Latvian Ports, Transit, and Logistics Council.