“The modernization of Giurgiu harbor is essential especially in the new geopolitical context and it will help transport infrastructure development,” stated Petru Stefanut, general manager of TTS.

He added the project implementation period stands at 33 months, with the project set to be completed on December 31, 2023.

“We will continue to apply for EU funded projects to support the upgrading of infrastructure in the harbors we operate in, with another project envisaging the Braila harbor,” he added.

The total contribution of TTS in the Giurgiu harbor project stands at RON9.5 million.

TTS ended 2021 with RON395 million turnover, from RON371 million in the previous year. The company reported net profit of RON23.6 million, from RON 29.7 million in the previous year.

(English version by Catalina Apostoiu)