By: AGBI

Dubai’s DP World has secured funding from the European Bank for Reconstruction and Development (EBRD) and the European Union for a green initiative to cut emissions at Romania’s Constanța Port on the Black Sea.

The €100 million ($114 million) scheme aims to decarbonise transport and logistics infrastructure at the port.

EBRD will provide a loan of up to €25 million to Constanța South Container Terminal (CSCT), a DP World subsidiary, to support the electrification of operations, it said in a statement.

The EU will contribute €19.8 million, while CSCT will invest the remaining €55.2 million.

CSCT operates the South Container Terminal at the Port of Constanța under a concession agreement that runs until 2049.

The investment will fund electrical infrastructure — including power networks, onshore power supply, transformer stations, grid connections and related installations — as well as the purchase of electric cranes and electric terminal tractors.

Electrification is expected to reduce emissions at Romania’s largest seaport, improving operational efficiency and vessel calls.

EBRD has invested more than €12.6 billion in 597 projects in Romania, the statement said.

In June, DP World said it was in talks to develop and operate a container terminal in the US, its first in two decades.

The company also plans to invest $100 million to expand logistics and warehousing infrastructure at the Caucedo free trade zone on the southern coast of the Dominican Republic.

DP World is owned by Dubai World, the state-owned investment company of the Dubai government.