IULIUS restores contaminated site to pave way for EUR 800 mln urban regeneration project in Constanța
Romanian developer IULIUS announced on Tuesday, September 23, that it will invest EUR 29 million in “the largest bioremediation project in Europe by a private investor,” restoring 38 hectares of contaminated land in downtown Constanța as…
Irina Marica · Journalist
· Updated · 2 min read
Romanian developer IULIUS announced on Tuesday, September 23, that it will invest EUR 29 million in “the largest bioremediation project in Europe by a private investor,” restoring 38 hectares of contaminated land in downtown Constanța as part of its EUR 800 million urban regeneration project.
The site, once home to the city’s Oil Terminal platform, has been polluted for decades. The remediation effort marks the second phase of IULIUS’s wider EUR 800 million redevelopment, which aims to transform the industrial brownfield into a mixed-use complex with cultural, educational, retail, office, and leisure components.
