DP World Constanta and Maritime Port Authority Constanta renewed the concession agreement for a further thirty years, running through until 2049. DP World Constanta signed the original concession agreement with the Port of Constanta in 2003 and commenced operations in April 2004. The new agreement allows DP World Constanta to maintain, operate and further develop the Constanta South Terminal.
“This agreement is a win for both parties. It reflects DP World’s commitment to actively manage our portfolio to ensure that we continue delivering a net positive benefit for the economy and the communities in which we live and operate,” DP World Constanta Managing Director Cosmin Carstea said.
The terminal serves both the Romanian domestic market and a wider hinterland spreading into parts of Central Europe, together with first-class feeder connections to the Ukraine, Russia, Bulgaria, Georgia and Moldova. The geographic location has also proved ideal as a reliable trans-shipment hub for the greater Black Sea region.
DP World Constanta offers importers and exporters in Central Europe speedier and more cost-effective access to the Far East market than movement via the traditional routing over North Continental ports, by avoiding congested inter-modal bottlenecks in Western Europe.
To promote this routing, DP World is actively developing an intermodal network reaching out from the port, to assist shippers in the movement of their cargo. The current capacity of the terminal is 1 million TEU, and there is sufficient land area for phased expansion to cater for volumes greater than 4,5 million TEU.