After the inaugural cooperation in 2010, WDP and the European Investment Bank (EIB) have signed a new financing package for a total amount of EUR 150 million. The loans will be structured as term loans to be drawn in function of the deployment of capital towards projects realized as from 2018 and the future pipeline, dedicated to EU convergence regions in Romania.
The new warehouse sites will be long-term rented with a focus on establishing new logistics or light industrial operations and are situated on one of the five key national corridors identified by the General Transport Master Plan of Romania. These projects will consist of modern warehouse infrastructure and will be constructed on a sustainable basis. They will contribute to the further diversification of the Romanian economy and will promote employment generation through the establishment of additional logistics warehouses and a modern supply chain, leading to an ameliorated productiveness of wholesale and retail trade.
“This financing package confirms and supports our company’s mission of contributing to the real economy by developing modern logistics infrastructure for our clients thereby leading to a future proof supply chain and fostering employment generation in this region,” said Jeroen Biermans, General Manager of WDP in Romania.
“Again we are able to further diversify and extend our company’s funding sources through this EIB financing package”, added Mickael Van den Hauwe, CFO of WDP.