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Constanta Port Ambitious €500 Million Expansion Project

Constanta port ambitious €500 million expansion project

Source: Constantza Port
Constanta, Romania (PortSEurope) December 20, 2020 – Romania’s largest Black Sea port of Constanta will start a 500-million-euro enlargement project – it’s most ambitious investment since 1990 – with no firm financing commitments yet in place. The two-phase project is expected to be financed with European Union (EU) funds, but no funding agreements has been signed yet. It is also unclear how much will be
invested by the Romanian government and whether loans from local and international banks will be used The project is expected to be completed in four years. The first phase includes construction of a new terminal in the southern area of Constanta port with 11 deep water berths with 70 hectares operations space as well as a logistics zone of 36 hectares. Pier 3S will get 45 hectares operating platforms, 11 hectares logistics area, seven deep-water berths with depth of up to 16.5 m. Pier 4S will get four deep-water berths, 25 hectares operating platforms and 15 hectares logistics area. The second phase includes seven more berths and an adjacent logistics zone of over 40 hectares. A large part of the new port space will be reclaimed from the sea. The project also includes improvement and rehabilitation of the road network connecting the port as well as the entire port infrastructure. Romania’s Maritime Ports Administration (Compania Nationala Administratia Porturilor Maritime SA – CN APM SA) will launch the selection procedure for the designer to carry out the feasibility study for infrastructure works, access roads and utilities in order to develop specialized terminals in Constanta South Port – Piers 3S and 4S. New specialised terminals, logistics and production centers will be developed as part of the project. Last year, Constanta port initiated a dredging work project within the investment project “Modernizing port infrastructure by ensuring the deepening of the channels and basins and the safety of navigation in Constanta Port”. Port depth of the basin will be increased from 7 to 9 metres. The project is co-funded by the EU from the Cohesion Fund through the Large Infrastructure Operational Program POIM (Programul Operațional Infrastructură Mare) 2014-2020. In 2019, Constanta port’s traffic of goods was 58.13 million tons, compared to 53 million tons in 2018. In February 2019, DP World Constanta has signed a 30-year extension to its concession agreement with CN APM SA with the arrangement now valid until 2049. In 2003, DP World signed a long-term concession to operate Constanta South Container Terminal (CSCT) SRL, a state-of-the-art facility with deep-draft access located near the entrance to Constanta port. The terminal is acknowledged to be the Black Sea’s premier container terminal, serving both the Romanian domestic market and a wider hinterland spreading into parts of Central Europe, together with first class feeder connections to the Ukraine, Russia, Georgia, Moldova. The port’s geographic location has also proved ideal as a transshipment hub for the greater Black Sea region and a role as a transit hub in the new Silk Road. Copyright (C) PortSEurope. All Rights Reserved. 2020

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