The first phase of the project, 80% funded by EximBank, is due for completion in the first quarter of 2019.
The center will be built on a 15.2-hectare land which was bought for nearly EUR5.5 million.
The new logistics hub will include two main storage buildings, with a total surface area of nearly 90,000 square meters and 46,000 sqm of external logistics platforms. Design and construction works will be carried out by GSE Romania.
The second phase of the project will be developed in 2019 and entails an investment of EUR15 million for which Altex Romania seeks financing.
The new logistics center is designed to host all types of products, from large home appliances to IT components and accessories, and will have more than 200 employees.