IFC provides financing to Turkey’s Asyaport to boost exports
The International Finance Corporation has provided an additional $12 million loan to Turkey's Asya Port Liman to help increase its container-handling capacity and improve operational efficiency.
The loan will support acquisition and installation of additional electric ship-to-shore cranes, electric rubber-tired gantry cranes, and terminal tractors, which will alleviate existing constraints and increase the port’s berth and yard capacity during peak hours. The new equipment is expected to decrease vessel turnaround times, increase berth and yard productivity, and lead to more efficient handling of regional transshipment and domestic container traffic from industrial zones in the Tekirdağ region.
It represents the second IFC financing to the Turkish port sector in six weeks, following IFC’s $80 million anchor-investment in the $600 million Eurobond issued by Mersin International Port in November.
