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May 16, 2021

EximBank and GSP, partners in an USD 44 M investment project

Last week, EximBank and GSP marked the finishingof the revamping and re-classification proceduresof the GSP Uranus off shore drilling unitwhich took place at the GSP Shipyard, located inConstanta Sud-Agigea Shipyard, a press releaseinforms. The off shore drilling unit is an investmentproject of more than USD 44 millionfinanced from the company’s own resources andfunds from the bank. Traian Halalai, President ofEximBank said the involvement of his institutionin this partnership is represented by the grantingof a total financing line of almost USD 30 millionthat has been used for purchasing and modernizingthe off shore drilling unit. Almost 400persons have been working for modernizing theGSP Uranus off shore drilling unit, all employeesbeing Romanian: mechanics, welders, pipingmen. The yard’s team has been strengthened bygraduates in naval technology working as specialistsand naval designers.

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