Romania's Constanta Seaports Authority Auctions ₴2M Contract for Giurgiulesti Port Consulting

The national company Constanta Seaports Authority, subordinated to the Romanian Ministry of Transport, has put up for auction a contract worth 2 million lei for the purchase of consulting services for the acquisition of ICS Danube Logistic, the majority owner and operator of the Giurgiulesti port in the Republic of Moldova.

This was reported by Economedia.

Located at the mouth of the Danube River, just a few kilometers from the border with Romania and near the border with Odesa region of Ukraine, the port can handle both river and sea vessels and is the only way for Moldovans to access the world's seas.

The International Free Port of Giurgiulesti is a port located 133.8 kilometers from the Black Sea, on the left bank of the Prut and Danube rivers, established in 2006 through the transfer of 430 meters of the Danube and Prut rivers to Moldova by Ukraine, making it the only port in Moldova with access to the Black Sea.

Moldova received the site for the port from Ukraine in exchange for a plot of land with a road near the village of Palanca in Moldova's Stefan Voda district, which is owned by Ukraine. In 2006, an oil loading terminal was built there, and in 2009, a cargo and passenger seaport was built. This gave Moldova, a non-maritime country, access to the Black Sea and the World Ocean. The first passenger ship sailed from the port of Giurgiulesti to Istanbul. Construction of a container terminal began in 2012. As of 2015, the second grain terminal is under construction.

ICS Danube Logistic is a Dutch company owned by the European Bank for Reconstruction and Development. It has been controlling and managing the port of Giurgiulesti since 2004. The contract with the consultant will be valid for six weeks from the date of its signing. A due diligence report is to be submitted within three weeks and must be complete, with an assessment of the assets to be acquired, business prospects and the status of receivables and liabilities. The price at which negotiations begin will be accepted upon receipt of this report.

Кирило Бойко