Contribute Information
Can you contribute information about this project?
Contact the EWS Team
According to bank's website, the proposed project aims to expand Autoport’s capacity and enhance its logistics efficiency through dredging, extending berths, yards and other facilities. The Project entails expansion of Autoport facilities through: (i) seaward extension of the berth length from 656m to 850m and related reclamation and dredging works enabling concurrent servicing of three vessels from two vessels; and (ii) seaward expansion of the yard to 394,058m², which collectively would increase Autoport's parking capacity from 13,000 vehicles to 21,000 vehicles, including satellite areas. The Port currently has an annual handling capacity of 650,000 CEU and up to 2.0 million tonnes of general cargo. Upon completion of the Project, the annual handling capacity is expected to increase to up to 1.1 million CEU and up to 2.5 million tonnes of general cargo.
The Borrower is 80% owned by Arkas Holding, a leading Turkish logistics conglomerate, and 20% by the Zeytinoglu Family who used to own the project land, which they invested in Autoport as in-kind capital. Arkas Holding is a major Turkish conglomerate focused on logistics, shipping, and transportation services, operating one of the country’s largest private container fleets and a wide network of port, logistics, maritime, and supply-chain companies across Türkiye and international markets. Autoport is serving as a major gateway for roll-on/roll-off (Ro-Ro) automotive trade from Türkiye, located in the Gulf of Izmit, at the center of the hubs of major automotive manufacturers and distributors in the Eastern and Southern Marmara region. Autoport currently operates in an area of c. 243,351m² with 10,000 parking slots (13,000 including satellite areas) and a 656m-long berth. Autoport is also operationally equipped to handle breakbulk cargo, which includes steel, paper and packaged forest products. The effective Ro-Ro capacity of the port is constrained by a high yard occupancy rate of (c.72%) and berth occupancy (c.75%). As such, Autoport plans the aforementioned expansion with an estimated capital expenditure of USD157 million.
The total Project cost is approximately USD157 million, of which the proposed AIIB loan is up to USD50 million. The remaining Project cost will be funded by the Sponsors and other financial institutions including EBRD and IFC.
Autoport Port is Türkiye’s first specialized automotive port, located in Kocaeli and majority-owned by Arkas Holding. It provides Ro-Ro handling, vehicle storage, pre-delivery inspection, warehousing, and integrated terminal management for imported and exported vehicles, supporting manufacturers, distributors, and international automotive supply chains.
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| Arkas Holding | Parent Company | Industry and Trade | owns | AUTOPORT TERMINAL OPERATORS S.A. | Client | Transport |
Project Team Leader: Igor Popkov
Title: Senior Investment Officer
Email: igor.popkov@aiib.org
Co Project Team Leader: Daniel Pérez Pedraza
Title: Investment Officer
Email: daniel.pedraza@aiib.org
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html
The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html
