Turkish investors show interest in Daugavpils airport in eastern Latvia

Take note – story published 5 years and 11 months ago

Potential investors from Turkey have showed interest in the airport in Daugavpils, south-eastern Latvia, the Mayor of Daugavpils, Rihards Eigims (Our Party), said at a news conference in the city council June 5.

He said that after some four months of corresponding with the potential investors they would arrive in Daugavpils June 6 to inspect the airport in person and, possibly, to sign a cooperation agreement.

If the cooperation worked out well and the potential investors were willing to develop the airport, the local government could auction it off, Eigims said.

The project for development of the Daugavpils airport has been put on hold while negotiations were held with potential investors.

Selling the airport is one of the options. However, none of the potential investors, which included investors from China, Russia and Germany were willing to buy the airport for €2-3 million which is the amount that the local government has invested in it so far.

There are altogether three scenarios for development of the Daugavpils airport with costs estimated at €24 million, €9.5 million and €2 million respectively but the local government cannot afford the spending, and there is no EU funding available for the project.

Daugavpils is Latvia's second-largest city.

Most recently, a regional airport in Liepāja, Latvia's third largest city in the opposite end of Latvia, was opened, serving flights to and from different destinations including the capital Rīga. 

Seen a mistake?

Select text and press Ctrl+Enter to send a suggested correction to the editor

Select text and press Report a mistake to send a suggested correction to the editor

Related articles


Most important