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DNB banka on this year’s 21st of June has signed the loan agreement with Ventspils Free Port Authority. The loan amount tallies up to EUR 4.86 million and the funds are assigned for funding of the investment program of Ventspils Free Port Authority ‘Dismantling of the 1st pier of the Free Port of Ventspils’.
Dismantling of pier in the port of Ventspils will give an opportunity to the adjacent coal terminal to use its berth more efficiently, thus facilitating increased cargo turnover through the port of Ventspils.
‘Ventspils Free Port Authority continuously promotes growth and higher efficiency by investing in port development projects. Sustainable activities and work with the port customers have enabled the Free Port over several decades to secure stable position within the industry. The bank DNB highly appreciates companies and organizations contributing to general development of Latvian economy and therefore sees long-range cooperation prospective with Ventspils Free Port Authority,’ points out the Head of Power Industry and Transit Unit of the bank DNB Viktors Šeršņovs.
Ventspils Free Port manager Imants Sarmulis: ‘The bank DNB is one of our leading long-term counterparts; we appreciate high qualification of the bank’s officers and are satisfied with the existing collaboration. Dismantling of the 1st pier is an important Ventspils Free Port development project, and we are gratified at the fact that the bank DNB also has assessed the project as promising by making a very good offer.’
The financer of Ventspils Free Port Authority investment project was selected as the result of an open tender. In competition with five other banks the best proposal was submitted by the bank DNB.
The port of Ventspils is an important transit center. Favorable investment climate, various business benefits, clean environment and stimulating attitude displayed by the port specialists are just few of the factors that have brought the port of Ventspils to one of the leading positions in the Baltic Rim region. Year-round ice-free harbor secures fast and qualitative processing of cargoes by all its high capacity terminals. After completion of the port deepening works it is able to receive the biggest ships navigating the Baltic Sea.