EBRD helps finance Tekirdag port on Turkey’s Sea of Marmara
The European Bank for Reconstruction and Development is providing a $17.5 million loan to the operator of Turkey's Tekirdag port, on the Sea of Marmara. ICBC Turkey is providing an equal loan.
The EBRD loan will partially finance the acquisition of operating rights, the modernisation of the port and the expansion of its capacity, to which the company has committed under the concession agreement.
The Tekirdag port handles general cargo, dry and liquid bulk, containers and roll-on/roll-off vessels and serves industrial and agricultural production and trade in the region. It is the only port in the western Marmara Sea that provides both roll-on/roll-off and rail-ferry services to the eastern Marmara region.
The port operator is a subsidiary of Cey Group.
