DP World investing 75 million euro in Romania's Constanta port

The investments target the development of a 7 ha Roll-On, Roll-Off (RoRo) terminal along with a 4 ha project cargo terminal, DP World said in a press release.

The project is to be completed during the third quarter of 2023, but certain parts may be operational as early as the first half of the following year.

The investment is secured through DP World funds along with European grants. In addition to indirectly facilitating the creation of hundreds of new jobs, the project will directly generate 30 new jobs in its first phase and a further 50 upon completion of the second phase.

With the addition of new terminals, Constanta Port seeks to attract players from the offshore oil and gas industry as well as those in industrial equipment and installations. The investment also targets a digital transformation, with smart terminals increasing the efficiency and productivity of port operations.

DP World has an ongoing partnership with the port of Constanta, where it operates the South Terminal under a concession contract valid until 2049.

($= 0.9636 euro)