Railport Turkey (EBRD-49522)

Countries
  • Turkey
Where the impacts of the investment may be experienced.
Specific Location
Kocaeli
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 5, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
RAILPORT TERMINAL ISLETMELERI AS
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 86.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 28, 2019

Disclosed by Bank Jul 20, 2018


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Project Description

According to the EBRD, this project provides financing for the design, construction, equipment, and operation of the Railport - the first private inland terminal to provide intermodal cargo services. This terminal is planned to service industries located within the Ankara, Bilecik, Bolu, Duzce, Eskisehir, Kocaeli and Sakarya regions.

The project also involves the development of an intermodal hub for freight transport within Turkey, and will facilitate freight rail transport within Turkey and between Asia and Europe, as well as among European, Balkan and Central Asian countries.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors

The client is Railport Terminal Isletmeleri A.S., a special purpose company incorporated in Turkey and owned by Limar Liman ve Gemi Isletmeleri A.S. (66.6%) and Duisburger Hafen Aktiengesellschaft (Duisport) (33.3%).

Limar Liman ve Gemi Isletmeleri A.S. was founded in 1996 and is the port and terminal operator affiliate of Arkas Holding S.A., providing port services to importers and exporters as well as scheduled container lines.

Duisport is the owner and managing company of the Port of Duisburg in Germany. Duisport offers custom-made solutions through its infrastructure and superstructure, logistics services and packaging logistics business segments from individual rail transport services to establishment and building management as well as comprehensive consulting services.

Contact Information

Arkas Holding S.A.
arkasizm@arkas.com.tr
+90 (232) 477 77 77
+90 (232) 411 00 00
www.arkas.com.tr

ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.