The European Bank for Reconstruction and Development has published the details of its investment in Moldova’s Giurgiule?ti International Free Port, one of the country’s key strategic assets. The EBRD’s support for the project started in 1995, when it provided a US$ 27.5 million financing package, comprising debt and equity, to Terminal S.A., a joint entity that had entered into a concession agreement with the government of Moldova to construct and operate Giurgiule?ti Port.

 

The EBRD’s engagement continued with a series of complex financial restructurings to help the project overcome a number of difficulties, including the withdrawal of original investors. Since 2014, the port operator now called Danube Logistics SRL, its Dutch parent and, indirectly, the EBRD have been subject to various actions.

 

To safeguard port operations and to safeguard and protect its financial interests, the EBRD became the sole ultimate legal owner of the operator of Giurgiule?ti Port on 7 May 2021. Through its acquisition, the EBRD aims to support the port’s continued operation and will seek to attract international investors to support and develop this key infrastructure asset.

source：SteelGuru Business News