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EUR 38m government grant to support DP World Constanta’s transformation into a global trade hub

PortDP World’s plans to transform its Constanta terminal into global trade hub have kicked into overdrive thanks to a EUR 38m grant from the Ministry of Transport in Romania and the European Union.

The significant investment in DP World Constanta, which has become one of the Black Sea's most important cargo and vehicle ports, will allow it to become a multimodal facility that can offer key trade for goods moving in and out of Europe while also advancing the development of critical transport infrastructure in Romania.

Three large scale expansion projects are now underway at DP World facilities in Romania as the global trade enabler is also developing a new ro-ro terminal at Constanta, while its new multimodal Aiud terminal in the northwest of the country will enable a greater flow of trade to neighbouring countries and across the continent. The combined projects are expected to increase the cargo flows by around 1m tonnes per annum, starting in Q3 this year.

The transformation of DP World's Romanian portfolio is the latest in a series of terminal expansions by the firm.

DP World has initiated port expansion programmes at six of its 11 major terminals across the continent over the past year. Projects at Antwerp (Belgium), Novi Sad (Serbia), Aiud (Romania) and London Gateway, (UK) continued at pace last year while the newer projects at Constanta (Romania) and Yarimca (Türkiye) will begin to take shape in the year ahead.

The expansion work at Antwerp World Gateway is part of a DP World's EUR 200 million investment, which will boost annual throughput and help cut carbon emissions. At London Gateway GBP 350m is being invested in a new fourth berth at its logistics hub, helping to boost the local economy, bolster supply chain resilience and increase capacity to accommodate the world's largest vessels.

On the other side of the continent, DP World has commenced construction of a new container terminal, vertical quay, and silo in the Port of Novi Sad to support the Serbian agricultural industry. And, with its Constanta terminal in Romania, DP World is developing an infrastructure aimed at helping it to become one of the Black Sea's most important cargo and vehicle ports, including the construction of a new a ro-ro terminal.

Alongside the physical expansion, the projects also focus on digitalisation - implementing new technology such as Internet of Things (IoT) solutions and modern Terminal Operating Systems, which will further increase capacity by automating and streamlining operations within each port, thereby enabling greater flow of trade and more efficient processes for customers.

The overall value of the redevelopment project at Constanta is EUR 52.9m, of which the European Union is co-financing EUR 31.3m, co-financing from the Romania state budget is EUR 5.5m and eligible co-financing of the beneficiary amounts to EUR 752,000.

© Shippax

Jun 01 2023


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