Dubai – Mubasher: DP World Constanta, a subsidiary of Dubai-based ports operator DP World, revealed that it has renewed its concession agreement to operate the Romanian Black Sea port of Constanta, for another 30 years, until 2049.
The deal was signed by Sultan Ahmed bin Sulayem, CEO and chairman of DP World, and Razvan Cuc, the Romanian Transport Minister.
In November 2003, the world's fourth-biggest ports operator won the tender for the long-term concession of the Constanta Container Terminal and started operating in 2004, state news agency WAM reported.
DP World Constanta is allowed to maintain, operate, and further develop the Constanta South Terminal, which serves both the Romanian domestic market and a wider hinterland spreading into parts of Central Europe.
The total capacity of the terminal currently amounts to 1 million twenty-foot equivalent unit (TEU), and there is a sufficient land area for phased expansion to cater for volumes greater than 4,500,000 TEU.
