Giurgiulesti Port: Government plans state port expansion, EBRD looks for new investor for PILG
The Government and the European Bank for Reconstruction and Development (EBRD) will ensure that they comply with national legislation and protect the public interest while identifying a new strategic investor for the Giurgiulesti International Free Port (PILG). These clarifications were provided by the Ministry of Infrastructure and Regional Development in response to information released about the launch of the international tender by the EBRD and the current status of the Port.
According to MIDR, the company “Danube Logistics” SRL, which manages the Port, is owned by the European Bank for Reconstruction and Development (EBRD). The international financial institution has announced its intention to sell the company to a strategic investor to ensure efficient management and sustainable development of the Giurgiulesti International Free Port (PILG).
The authorities note that on December 29, 2004, the Government of the Republic of Moldova signed an Investment Agreement regarding the Giurgiulesti International Free Port. Under this agreement, the land was leased to private companies for 99 years, and the International Port, which was to be constructed by these companies, was granted management rights for 25 years. Currently, the private company “Danube Logistics” SRL, which manages the Giurgiulesti International Free Port, is owned by the EBRD.
We remind you that the sale pertains solely to the company "Danube Logistics" and does not impact the Passenger and Cargo Port of Giurgiulesti, which is under state management and is not subject to any form of privatization or sale.
Government approves creation of Commission to expand Giurgiulesti State Port
Today, the Cabinet of Ministers approved the establishment of a Preliminary Research Commission to declare the public utility of national interest concerning the expansion of the Giurgiulesti Passenger and Cargo Port.
The project aims to enhance the Giurgiulesti State Port by increasing its capacity for international cargo flows and diversifying the types of logistics activities conducted within the port.
The commission will assess the feasibility of expanding the port infrastructure, including areas for the storage, import, export, and transit of goods, in line with national public interest.
The commission will consist of representatives from central and local public authorities. After completing their evaluation, they will propose specific solutions for the expansion of the Giurgiulesti State Port, which is expected to attract investments, increase trade flows, and create new economic opportunities for operators in both the national and international transport sectors.
Last year, the Romanian Government considered a memorandum regarding the potential acquisition of the Giurgiulesti International Free Port in the Republic of Moldova. This acquisition would be conducted through the National Company "Administration of Maritime Ports" S.A. Constanța, a commercial entity operating under the authority of the Ministry of Transport and Infrastructure in Bucharest. The expected amount for the acquisition was not disclosed to the public.
The Giurgiulesti Port, owned by the European Bank for Reconstruction and Development (EBRD), features an oil terminal, two grain terminals, a terminal for other goods, and a business park.
The government in Chișinău announced that the EBRD is in discussions with several potential investors, which include parties from Romania, Turkey, the Netherlands, and Denmark.
