📋 Tender Overview
Location: Romania
Project number: 54712
Business sector: Transport
Notice type: Private
Environmental category: B
EBRD Finance Summary: EUR 50,000,000.00
Total Project Cost: EUR 200,000,000.00
Project Description
A senior loan of up to EUR 50 million to Constanta South Container Terminal SRL incorporated in Romania (the "Company" or "CSCT"), a fully owned subsidiary of DP World (the "Parent"), to finance the electrification of Constanta port (the "Project").
The total Project cost is estimated at EUR 200 million, to be co-financed alongside the EU under its Alternative Fuels Infrastructure Facility Programme ("AFIF"), with the European Bank for Reconstruction and Development (the "EBRD") acting as Implementing Partner, or through other forms of EU funding.
The electrification of Constanta port operated by CSCT envisages investments in the electrical restoration of the entire terminal infrastructure, such as new electrical networks and transformer points, new railway lines, electric vehicles and charging stations, which will significantly contribute to climate change mitigation.
Project Objectives
The project objective is to reduce the carbon footprint of CSCT operations, resulting from electrification and energy savings of the port terminal.
Transition Impact
ETI score: 63
ETI score 63
Transition impact stems from two qualities: "Green" and "Competitive"
Green: The Project is expected to result in a significant reduction of greenhouse gas emissions. As such, more than 60% of the EBRD's use of proceeds are expected to support the green economy transition ("GET") and qualify as GET finance.
Competitive: The Project supports the investment commitments of DP World, following concessioning of Constanta port. Furthermore, the energy efficiency investments are expected to reduce the operating costs for the port infrastructure.
