Sign in
EBRD mulls green loan for DP World’s Romania project: The European Bank for Reconstruction and Development (EBRD) is considering the extension of a EUR 50 mn loan to DP World via its subsidiary Constanta South Container Terminal to finance the electrification of Constanta port, according to a PSD document. The financing proposal is currently under evaluation with an approval date set for 11 September.
Where’s the money going? The electrification of the port’s terminal infrastructure will include new electrical networks and transformer points, railway lines, EVs, and charging stations in a bid to mitigate the effects of climate change, according to the document.
What we know: The total project cost is currently estimated at EUR 200 mn and will be co-financed by the EU’s Alternative Fuel Infrastructure Facility Programme (AFIF) with EBRD acting as implementing partner.
Big plans for Romania: DP World is channeling EUR 130 mn into three sites in Romania to boost cargo volumes by some 2 mn tonnes a year. The company has doubled its container shipping capacity at Constanta port as part of the project. Romania was the first European country targeted by DP World for expansion. DP World has operated in the country since 2004, and has shelled out upwards of EUR 250 mn in investments in the Eastern European state in the 20 years since.
