| Project Detail |
Location:
Romania
Project number:
54712
Business sector:
Transport
Notice type:
Private
Environmental category:
B
Approval date:
11 Sep 2024
Status:
Exploratory
PSD disclosed:
08 Jul 2024
Project Description
A senior loan of up to EUR 50 million to Constanta South Container Terminal SRL incorporated in Romania (the "Company" or "CSCT"), a fully owned subsidiary of DP World (the "Parent"), to finance the electrification of Constanta port (the "Project").
The total Project cost is estimated at EUR 200 million, to be co-financed alongside the EU under its Alternative Fuels Infrastructure Facility Programme ("AFIF"), with the European Bank for Reconstruction and Development (the "EBRD") acting as Implementing Partner, or through other forms of EU funding.
The electrification of Constanta port operated by CSCT envisages investments in the electrical restoration of the entire terminal infrastructure, such as new electrical networks and transformer points, new railway lines, electric vehicles and charging stations, which will significantly contribute to climate change mitigation.
Project Objectives
The project objective is to reduce the carbon footprint of CSCT operations, resulting from electrification and energy savings of the port terminal. |
