The management of the Port of Riga is implemented by the Freeport of Riga Authority.The Freeport Authority is composed of the Freeport Board, which is the highest decision-making body, and the Executive Body subordinate to it, which is managed by the Chief Executive Officer. The Freeport of Riga Authority is a derived legal body which is subject to the Cabinet’s supervision implemented through intermediary of the Minister for Transport. The territory in which the port of Riga is located has been transferred to the FPRA possession.
The key responsibilities of the Freeport of Riga Authority are as follows:
- management, development and leasing of port land and infrastructure, transferred to its possession, to private merchants (landlord function);
- development, implementation and control of port regulations;
- development and implementation of the port development program;
- maintaining navigation safety;
- ensuring security, public order and environmental protection in the port territory;
- determining and collecting port dues;
- concluding agreements/contracts with commercial companies on their activities in the port;
- issuance of permits for operation under the special economic regime.
For the implementation of its functions, the Freeport of Riga Authority can use only the financial resources at its disposal, which consist of revenue from the port dues paid by vessels calling the Port of Riga, as well as land and berth rents paid by merchants operating in the port. The Freeport of Riga Authority does not receive financial resources from the state or municipal budget.
The Freeport of Riga Authority is not engaged in commercial activities. Commercial activities in the port, such as cargo handling and storage, passenger service, production and provision of services, are performed by private merchants in compliance with Latvian legislation and the Freeport of Riga Regulations.
The Freeport of Riga Authority is responsible for the port's long-term development strategy, objectives and activities.
The Freeport of Riga Development Program 2019 - 2028 provides the port's Vision, Mission, strategic objectives and the Strategic Action plan for the next 10 years.
To satisfy the market demand for high-quality cargo handling services of all types, adapting to client expectations and global market changes, as well as offering attractive business environment;
To ensure an attractive investment environment to foster the development of the port cargo handling, cargo processing and production in order to provide a steadily growing investment in the Latvian economy;
To provide environmental sustainability and dialogue between the port and the society through the implementation of socially responsible policies.
A multifunctional, modern and long-term development-oriented port at the crossroads of transport corridors with a growing role in the global cargo and passenger transport chain, providing customers with safe and reliable high-quality port services at competitive prices and in compliance with European port best practice.
A sustainable Baltic-scale business, production and investment attraction center with a significant contribution to the national economy.
he growth of the Freeport of Riga is based on the implementation of a socially responsible policy, sustainable use of resources and care for the environment. By developing a comprehensive and integrated transport infrastructure, the Freeport of Riga is building long-term cooperation with the public, as well as state and municipal institutions.