Latvia, Legislation, Port, Transport

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Liepaja port to be developed for service of Panamax class vessels

BC, Riga, 18.10.2017.Print version
Latvia’s southwestern Liepaja port will be developed into a port for service of Panamax class vessels, said Liepaja Special Economic Zone (SEZ) administrator Janis Lapins at the Latvian Ports, Transit and Logistics Council meeting today, cites LETA.

He said that the port has prepared its development program for 2018-2022, assessing the port’s competitiveness, the possible development scenarios, strategic goals and tasks, as well as the projected results – cargo turnover, financial forecasts and planned capital investments.

 

Lapins said that negotiations have been started with the Treasury on attraction of co-financing for the port’s development. 


According to SEZ administrator, it is planned to develop the port for service of Panamax class vessels. Such vessels can already now be served in Liepaja, but there are still some restrictions.

 

Panamax class vessels are about 290 meters long, 32 meters wide and has 12-meter draft.

 

The council on Wednesday approved the development plan for Liepaja port for 2018-2022.






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