On 9 November 2019 Danube Logistics Srl was invited at Invest Gagauzia 2019, the V — International Investment Forum of Gagauzia. General Director Dr. Mathias von Tucher presented the activities and future plans of the Giurgiulesti International Free Port and highlighted the opportunities for both Gagauzia and the port. Mathias von Tucher was honored having the opportunity to discuss the development potentials with Bashkan Irina Vlah personally.
Already today there are many companies from Gagauzia using the Giurgiulesti International Free Port as gateway to international markets. To the main Gagauzian clients belong exporters of grain and exporters of wine as well as importers of raw materials for the manufacture of various products such as fiberglass and tiles and importers of finished products such as tires.
The M3 road connection between Gagauzia and the port is currently under rehabilitation and certain sections will be built completely newly. After planned finalization in 2020/2021 the new road will shorten the distance and enhance the transport conditions resulting in increased transport volumes.
Mathias von Tucher informed the participants about the planned expansion of the general cargo terminal. Companies that are interested to transship their cargo via the expanded terminal can request additional information from Danube Logistics SRL’s office in Chisinau.
Danube Logistics SRL plans to expand the capacity of its dry cargo terminal to about 1.5 million tons per annum. Mathias von Tucher, the general director of Danube Logistics SRL, discussed the company’s investments plans with the Minister for Economy and Infrastructure Vadim Brinzan during his joint visit of Giurgiulesti International Free Port with the Ambassador of the USA, Derek J Hogan.
The expansion measures will be implemented over a period of three years and will include the purchase of additional equipment as well as the construction of an additional berth with a minimum water depth of 7m. The additional investments of about USD 10m in its open-access dry cargo terminal will enable Danube Logistics SRL to accommodate the increasing demand for the transshipment of grain, fertilizer, coal, steel products, construction material and other dry cargo. Companies that are interested to transship their cargo via the expanded terminal can request additional information from Danube Logistics SRL’s office in Chisinau.
In 2018 transshipments via Giurgiulesti International Free Port reached for the first time more than one million tons, which facilitated imports from 33 countries and exports to 53 countries. Danube Logistics SRL is a wholly owned subsidiary of the Dutch company Danube Logistics Holding BV, which shares the economic interests related to its shareholding in Danube Logistics SRL with the EBRD. Danube Logistics SRL is the largest investor in Giurgiulesti International Free Port investing in liquid and dry cargo terminals as well as in the development of the port’s business park.
On 22nd of July 2019 the General Director of Danube Logistics, Mathias von Tucher, presented the Giurgiulesti International Free Port (GIFP) to a delegation from Tianjin Municipal Bureau of Commerce and from the port of Tianjin as well as to representatives of the Chinese Embassy in Moldova. GIFP plays a vital role for the trade relations between Moldova and China and the business park is an interesting location for Chinese investors. In addition Danube Logistics already has an excellent long-term cooperation with the Chinese Cosco shipping lines.
The event was organized by the Moldova-China Chamber of Commerce (MCCC) represented by its President Victor Durlesteanu. It was the first event following the recent conclusion of a Memorandum of Understanding between Danube Logistics and MCCC.