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Sep 08, 2023 17:50 EEST
September 8 (SeeNews) - Romania’s government said on Friday it approved a project for modernisation of the Black Sea port of Constanta worth some 1.5 billion lei ($3233.4 million/302.2 million euro).
The investment project aims to expand, upgrade and rehabilitate the port’s roads and passages, as well as its water, sewerage and electricity distribution infrastructure to better handle the increased traffic of goods spurred by the war in Ukraine, government spokesman Mihai Constantin said during a news conference following a cabinet meeting.
“This is a concrete proof that Romania is making serious efforts to support Ukraine, by backing the grain transit and the interconnection of the region’s infrastructure,” prime minister Marcel Ciolacu said in a live-streamed statement before the government meeting.
Financed through non-refundable European funds and the Romanian state budget, the project must be completed within 36 months.
In 2022, 75.5 million tonnes of goods transited the port of Constanta, up from 67.5 million tonnes a year earlier, data from the port’s website shows. Cereals alone amounted to 24 million tonnes.
(1 euro=4.9643 lei)
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