ANNOUNCEMENT 18 Dec 2018

In December 2018, the European Investment Bank (EIB) signed a loan agreement with WDP DEVELOPMENT RO SRL to support its construction of a number of new warehouses which will after completion be leased to entities establishing industrial or logistic operations in Romania. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed Projects, WAREHOUSE LOGISTICS EXPANSION: http://www.eib.org/en/projects/loan/loan/20170658
The European Investment Bank, Project summary, WAREHOUSE LOGISTICS EXPANSION: http://www.eib.org/en/projects/pipelines/pipeline/20170658
WDP: https://www.wdp.eu/about-wdp

Inception date: 18 Dec 2018 | Removal date: open ended

State loan

The loan agreement between the European Investment Bank (EIB) and WDP DEVELOPMENT RO SRL was signed on 18 December 2018 and has a total value of EUR 150 million (approx. USD 170.4 million).

The loan will support the company's construction of a number of new warehouses in Romania which will after completion be leased to entities establishing industrial or logistics operations.

According to the EIB: "The project contributes to create employment and diversify the economy - possibly leading towards an improvement of the wholesale and retail business."

WDP DEVELOPMENT RO SRL is part of the WDP Group with headquarters in Belgium. WDP is present in a number of countries across Europe and provides warehouse solutions " with a focus on the development and letting of semi-industrial and logistical real estate."

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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