| Project Detail |
Project Description A senior loan of up to USD 17.5 million in favour of Ceyport Tekirdag Uluslararasi Liman Isletmeciligi A.S. (the Borrower), a limited liability company incorporated in Turkey. The Banks investment will be used to finance the acquisition of the operation rights of Tekirdag Port (the Port) in Turkey under a 36-year concession and modernisation/expansion of the Port. The Port has dry bulk/general cargo, liquid bulk, container and Ro-Ro handling capacities serving industrial and agricultural production and trading in the Marmara region. The Project is expected to result in improved operational efficiency of the Port through capacity expansion and optimisation, which in turn would positively impact on the load factors of the goods transported, enhance modal shift and direct a larger share of the cargo commodities from roads towards railway and shipping lines. Project Objectives The Project involves the Ports privatisation and implementation of the investment plan for modernisation and capacity expansion. |
