The European Bank for Reconstruction and Development (EBRD) along with a group of banks will finance the construction of a Deep-water container terminal in the port of Gdansk on the Baltic Sea, Poland.

EBRD will provide EUR100 million (US$98.29 million) loan which is a part of EUR863.5 million (US$849.24 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 loan will finance the construction of a new Terminal 3 and upgraation of existing Terminals 1 and 2 and other facilities. Terminal 3 will add 717 m of deep-water quay and 36 ha of yard area and be equipped in the first phase with 7 energy-efficient ship-to-shore cranes and 20 semi-automated rail-mounted gantry cranes. 

The first stage of the expansion aims to add 1.5 million TEUs of capacity, up from the current 2.9 million TEUs, increasing the port’s total handling capacity by nearly 50% by 2025.