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EBRD Details Investment In Giurgiuleşti International Free Port, Moldova

EBRD details investment in Giurgiuleşti International Free Port, Moldova

Source: EBRD
Chișinău, Romania (PortSEurope) June 29, 2021 – The European Bank for Reconstruction and Development (EBRD) has published a report detailing its investment in Moldova’s Giurgiuleşti International Free Port (Giurgiuleşti Port). EBRD support for the port started in 1995, when it provided a US$ 27.5 million financing package to Terminal S.A., a joint entity that had entered into a concession agreement with the government of Moldova to construct and operate the port. Since 2014, the port
operator now called Danube Logistics SRL, its Dutch parent and, indirectly, the EBRD have been subject to various actions. To safeguard port operations and to safeguard and protect its financial interests, the EBRD became the sole ultimate legal owner of the operator of Giurgiulești Port on 7 May 2021. Through its acquisition, the EBRD aims to support the port’s continued operation and will seek to attract international investors to support and develop this key infrastructure asset. Giurgiulesti International Free Port, with the status of a free economic zone until 2030, is located on the maritime section of Danube and is capable of receiving both inland and sea going vessels. It has terminal facilities for oil products, grain, vegetable oil, bulk cargo, container, general cargo, Ro-Ro and passengers. The port offers the services of a mixed-gauge rail terminal. On average, the port facilitates the international trade of Moldovan companies with more than 50 countries every year. The Port of Giurgiulești was built as result of a 2005 territorial exchange with Ukraine, where the land-locked Moldova received a 600 metre-long bank of the Danube River. More PortSEurope news about Giurgiulesti port Copyright (C) PortSEurope. All Rights Reserved. 2021.

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