The European Bank for Reconstruction and Development (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 ($98.6 million) loan is part of a €863.5 million ($850.9 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 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 meters (2,352 feet) of deep-water quay and 36 hectares (89 acres) of yard area and will be equipped in the first phase with seven energy-efficient ship-to-shore cranes and 20 semi-automated rail-mounted gantry cranes.
Gdansk is the only deep-water terminal port in Poland and the only port in the Baltic Sea ab