MIDR: Government and EBRD to ensure identification of Giurgiulești Port investor proceeds in line with legislation and national interest

The government, together with the European Bank for Reconstruction and Development (EBRD) will ensure that the process of identifying a strategic investor for Giurgiulești International Free Port proceeds in accordance with the legislation and national interest. Ministry of Infrastructure and Regional Development (MIDR) made the statement after the EBRD launched an international bidding process to find potential investors who can further support the development of the main sea and river port in the Republic of Moldova.

MIDR noted that in December 2004, the Moldovan government signed an investment agreement on Giurgiulești International Free Port. Thus, the lands were leased to private companies for 99 years, and the International Port, which was to be built by those companies, was handed over to their management for 25 years. Currently, Danube Logistic company, the manager of Giurgiulești International Free Port (PILG), is owned by the EBRD.


'The European Bank for Reconstruction and Development announced the decision to attract a strategic investor for the management of the port, by selling the company that holds the management rights. In this regard, the Government, together with the EBRD, will ensure that the process of identifying a strategic investor takes place in accordance with the legislation and national interest,' said MIDR.


The EBRD announced early this week that it has launched the international bidding process to identify potential investors who can further support the development of the main maritime and river port of the Republic of Moldova. According to the institution, the process is conducted in full coordination with the Government of the Republic of Moldova, including regarding the future commercial and legal framework of the port, aimed at facilitating foreign investments.

Giurgiulești Port is a strategically important logistics hub that offers importers and exporters transshipment and storage services, with access to a trimodal transport infrastructure. The port is located on the maritime sector of the Danube River and allows the berthing of river and sea vessels with a draft of up to 7 meters and a capacity of up to 10,000 tons. As the country's main port, it handles over 70% of Moldova's external trade by water, ensuring supply chains for various types of goods and bringing significant benefits to the Moldovan economy.