The European Union Recovery and Resilience Facility has given the green light to the funding for the project titled “Digital transformation of port management by improving the processing and analysis of transport and logistics data,” aimed at digitizing Latvian ports and logistics corridors. Spearheaded by the Freeport of Riga Authority, the project involves collaboration with key partners such as the Ventspils Port Authority, Liepaja Special Economic Zone Authority, Ministry of Transport, and other stakeholders including VSIA “Latvijas Jūras administrācija”, SJSC “Latvijas Dzelzceļš”, SIA “LDz Cargo”, the SRS Customs Administration, and the State Border Guard. The €3.24 million project cost will be covered for implementation, and the ongoing maintenance and future development will be overseen by the ports.
Annually, the Latvian logistics sector manages around 40 million tons of diverse cargo through road, sea, and rail transportation to/from Latvian ports. This intricate process involves various stakeholders, from shippers and consignees to carriers, stevedores, and control services like the SRS Customs Administration and the State Border Guard. The current logistics framework generates a substantial volume of data and documents, leading to a complex and time-consuming coordination process. In response to this challenge, the Freeport of Riga Authority is taking the lead in developing an integrated sharing platform for multimodal cargo services, fostering digitalization, and streamlining port and logistics processes. The project aims to enhance the speed of multimodal cargo movement, reduce administrative burdens, environmental impact, and ultimately boost the competitiveness of Latvian freight corridors while facilitating digital advancements for all involved stakeholders.
Image source: https://rop.lv/en/news/freeport-riga-authority-has-taken-lead-improving-digital-environment-logistics-sector