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DP World Renews Constanta Port Concession
Sea Freight

DP World Renews Constanta Port Concession

UAE giant secures 30-year lease

TLME News Service

DP World has renewed its concession agreement with Constanta Port in Romania following a signing ceremony that included the Romanian Prime Minister.

The renewed deal was signed for a 30-year concession with DP World CEO Sultan Ahmed bin Sulayem.

DP World first began operations at the port back in 2004 after winning the concession bid for the Constanta South Terminal in 2003.

DP World Announces Robust Financial Results

It will now seek to further develop the terminal, which serves both the Romanian domestic market and wider central European hinterland.

The planned development includes more than quadrupling the terminal’s capacity, according to reports.

At present, it can handle approximately 1 million TEU but expansion plans are designed to increase that figure to 4.5 million.

Read more: DP World Selects Infor Digital Supply Chain Network Platform