The Romanian government has announced a significant investment of €1.5 billion to modernize and enhance the Port of Constanta and its associated rail infrastructure. This substantial funding aims to boost the port's capacity, improve cargo handling efficiency, and strengthen connectivity to the national rail network.
Key Highlights
€500 million will be dedicated to internal Port of Constanta upgrades, including road modernization, dredging operations, and upgrades to water, sewage, and electricity infrastructure.
The remaining €1 billion will be invested in rail infrastructure surrounding the port to facilitate faster and more efficient cargo movement.
The government is committed to utilizing EU funds and leveraging private-sector partnerships to maximize the impact of these investments.
Minister Grindeanu's Remarks
"The Port of Constanta represents one of our top priorities," emphasized Sorin Grindeanu, Minister of Transport and Infrastructure. "We have invested in the railway, now we have these investments of approximately half a billion, and we also have those investments in the railway of around one billion around the Port of Constanta."
Additional Rail Infrastructure Investments
Beyond the port-specific investments, Minister Grindeanu also highlighted the ongoing procurement of 160 new train sets, expressing hope that some of these deliveries will materialize by the end of the year. These acquisitions are part of a broader effort to modernize and expand Romania's rail network.
Efficient Utilization of EU Funds
Minister Grindeanu commended the Ministry's achievements in absorbing 100% of EU funds allocated for transport development in the previous funding cycle. He further emphasized the ongoing construction of 780 kilometers of express roads and motorways, financed by both previous and current EU programming periods.
Anticipation of Swift EU Fund Utilization
Expressing confidence in the ministry's execution capabilities, Minister Grindeanu projected that if the current pace is maintained, "EU funds for transport will be exhausted very quickly."
Overall Significance
The €1.5 billion investment package for Constanta Port and rail infrastructure represents a significant commitment from the Romanian government to enhance the country's maritime and logistics capabilities. These upgrades are expected to boost trade, improve connectivity, and position Romania as a key player in the regional and global transportation landscape.
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Source: Ziare.com
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