JT Grup Oil, one of the most important companies in the Romanian fuel distribution market, announces the completion of the first phase of development of the JT Terminal project, the only privately owned oil terminal in Romania. With the completion of the infrastructure works, the financing contract obtained from non-reimbursable European funds through the Large Infrastructure Operational Program (POIM) from which the company benefited 11 million euros was also finalized.
With a total investment of 25 million euros from three sources of financing – own capital, investment credit granted by UniCredit Bank Romania and financing through the Large Infrastructure Operational Program – upon completion, JT Terminal will be the first privately owned oil terminal in Romania developed in the last 50 years.
Located in the North Constanta Port area, the fluvial-maritime zone, the terminal will have eight tanks with a total storage capacity of 31,500 tons. Connected by rail and road to the port and national infrastructure, the new multi-modal and fully automated terminal will allow the simultaneous loading and unloading of ships, wagons, and tankers, reducing waiting times in port for loading or unloading fuels.
