EBRD finances NewCold's first automated cold storage in Romania
Romania, Feb. 6 -- The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to RON 182.8 million (equivalent to €36 million) to NewCold Romania SRL, supporting the development of the company's first high-automation cold storage warehouse.The project marks a significant expansion of NewCold's innovative logistics network in Central and Eastern Europe following the completion of two projects in Poland last year.The EBRD's loan will support the development of the project consisting of an automated warehouse and an adjacent manual warehouse in Bucharest. The Bank will lend in parallel with Banca Comercial? Roman? (BCR), which will also provide RON 182.8 million.This comprises the first two phases of a project ...
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