Transport Ministry to invest over EUR 1 bln in Constanta Port until 2030

Romania plans to invest EUR 1.1 billion in the Constanta Port until 2030.

The investments are provided in the governing program, as well as in Romania’s Transport Master Plan, Romanian transport minister Razvan Cuc said, reports local Capital.ro.

The money will be invested in new storage spaces and new container handling facilities. It will also be used to extend and modernize utilities in the port and develop specialized terminals. All investment plans have financing sources and the local administration can launch the procedures for public procurement, Cuc added.

In parallel to this process, Romania also needs to attract new flows of goods by better using the Danube – Main – Rhine European Corridor. This also includes tax facilities and less bureaucracy, the minister said.

[email protected]

Romania Insider
Free Newsletters

Be up to speed with what’s happening in Romania! Choose from our 7 newsletters, covering the entire array of business, social, politics, and entertainment news

Subscribe now