DP World invests EUR 130 million in the Port of Constanta

The international operator plans to increase the volume of cargo handling at the port by 2 million metric tons per year.

On May 15, the port operator and logistics company DP World announced an investment of EUR 130 million in the infrastructure of the port of Constanta. This is reported by Bloomberg.

Investments are aimed at increasing cargo handling by 2 million metric tons per year.

The Dubai-based company, which has been operating in Romania for 20 years, said its latest investments will include:

• a 12-acre terminal for heavy and oversized cargo;

• a terminal for rolling cargo with a maximum capacity of 80,000 vehicles per year;

• a new multi-transport platform in Constanta worth 50 million euros;

• a logistics center near Ayud in Transylvania worth 21 million euros.

DP World says the new capacity should help attract more manufacturers to the region.

“Automotive companies are increasingly investing in neighboring Hungary, Poland and Turkey. Therefore, reliable supply chains and logistics infrastructure, such as a ro-ro terminal, are increasingly important not only for Romania, but for the entire region,” DP World said in a statement.

Romania had one of the fastest economic growth rates in the EU over the past two years. However, the country experiences weak demand from Western European partners. In the first quarter, GDP grew by only 0.1% year-on-year.

We will remind you that the country is also the largest intermediary for the export of grain from Ukraine, ensuring the transit of more than 60% of Ukrainian exports.

As USM wrote, record volumes of transshipment were recorded in the port of Constanta last year.