EUR 25 million drinking water terminal to be built in Freeport of Ventspils

RIGA - BLNC company plans to build a drinking water terminal and export infrastructure for EUR 25 million at the Freeport of Ventspils, LETA was told at the freeport. 

The Freeport of Ventspils Authority has concluded an agreement with BLNC that will allow the company to build the terminal on a roughly 7.1 hectares large land plot at 20 Stradina Street, Ventspils. 

BLNC plans to develop the project in order to export unbottled drinking water by tankers to countries suffering from shortages of drinking water. BLNC expects its clients to be companies that need high-quality drinking water like producers of bottled water and other beverages producers, agricultural companies, food producers, pharmaceutical companies and others looking for a long time security of drinking water supplies. 

The Freeport of Ventspils Authority has also granted BLNC the status of licensed company so it can enjoy the advantages of the special economic zone. 

BLNC plans to build a modern water accumulation reservoir. The water, which would be producer using the capacity of Udeka company, would be loaded into ships in cooperation with Ventbunkers or Ventspils Nafta Terminals. 

The cargo turnover planned by BLNC is three to six tons of water per year, which would be a significant diversification of cargo for the port. The project is scheduled for completion in two to three years.