EBRD will grant a loan for the expansion of DCT Gdańsk terminal
The European Bank for Reconstruction and Development will grant a loan of EUR 100 million for the expansion of the DCT Gdansk terminal. EBRD has joined a group of banks that will finance the construction of a third deep-water container terminal in Poland’s port of Gdansk on the Baltic Sea.
The €100 million EBRD loan is part of a €863.5 million financing package put together by a group of local and international lenders for Polish firm DCT Gdansk and its parent company, Baltic Hub.
The senior loan, based on environmental, social and governance (ESG) key performance indicators (KPIs), will be used to finance the construction of a new Terminal 3 in the Port of Gdansk and to upgrade Terminals 1 and 2 and other facilities. Terminal 3 will add 717 metres of deep-water quay and 36 hectares of yard area and be equipped in the first phase with 7 energy-efficient ship-to-shore cranes and 20 semi-automated rail-mounted gantry cranes.
DCT, it is the most easterly ice-free, year-round, deep-sea port in Europe. The port also handles short sea shipments from ports across the whole Baltic region, from Finland to Latvia, and rail shipments from countries not only in the Baltic region but further south, from the Czech Republic to Ukraine. It is currently experiencing high demand, with two existing terminals operating near full capacity.
“DCT Gdansk is one of the fastest-growing ports in Europe, and will become one of Europe’s 10 largest ports by shipped volume of goods after the completion of this project. Its deep-sea terminals connect the Baltic Sea countries – including Scandinavia – with trade partners in Asia, but the port is also connected with a vast region in northern, central and eastern Europe through a system of rail and waterway links. Global events of the past few years have demonstrated the crucial role logistics plays in economic security, and we are proud to have contributed to smoother trade in this large part of Europe.” said Nandita Parshad, EBRD Managing Director for Sustainable Infrastructure.