| 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. |
