Ports of Stockholm and Port of Riga sign MoU to apply for joint EU funding
A newly signed Memorandum of Understanding between Ports of Stockholm, the Freeport of Riga Authority and Riga Ropax Terminal is the driving force behind a joint application for EU funding to reduce the impact of port activities on the environment and climate in the areas surrounding the passenger terminals in the capital cities, according to the Ports of Stockholm's release. The aim is to build a sustainable foundation for the future reintroduction of the important maritime transport route between the neighbouring countries and to ensure climate neutrality.
At Stockholm City Hall on 14 June, representatives of Ports of Stockholm, the Freeport of Riga Authority and Riga Ropax Terminal signed a Memorandum of Understanding to collaborate and jointly apply to the EU for funding for the project. The collaboration will lead to the further climate and environmental development of the passenger terminals located in the hearts of the respective cities, as well as build confidence in the future reintroduction of shipping services between the two capitals.
Värtahamnen Port is part of a holistically planned and complex environment, where the new Stockholm Royal Seaport buildings and the Värta Terminal combine to form a new waterfront and entrance to Stockholm. This creates added value for both residents and visitors, as well as better accessibility to the city.
The Freeport of Riga Authority and Riga Ropax Terminal are part of a Memorandum of Understanding to improve connectivity between Riga and Stockholm and develop a brand new RoPax terminal in Riga. The collaboration is a significant milestone in the region's transportation sector and is a testament to the commitment of all three parties to drive innovation and growth, and explore possibilities to improve environmental footprint.
Historically there has been a stable maritime daily connection between Stockholm and the Latvian capital city, Riga. Since 2010 services known as RoPax, carrying both passengers and goods cargo, sailed from the Värta Terminal in Stockholm. Prior to the COVID-19 pandemic an average of just over 700,000 passengers used the sea-route between Stockholm and Riga each year. During the spring of 2020, the shipping company operating the Riga-Stockholm route decided to suspend services due to the severe drop in passenger numbers caused by the pandemic, which made the route unsustainable financially.
The Memorandum of Understanding and the future joint project also aims to fulfil the EU "Fit for 55" goal to reduce net emissions of greenhouse gases by at least 55 percent by the year 2030.
