EBRD finances Arkas’ innovative logistics hub

Dünya Executive - - BUSINESS -

Turkish industrial companies will get a new competitiv­e mode of transport for large distances with the constructi­on of the country’s first privately-run inland cargo terminal, or railport. The new project is being developed by Turkey’s Arkas Holding, a logistics firm that integrates sea, land, rail and air transporta­tion, and Duisport, Germany’s full-service provider in the logistics sector. It will be partly financed with loans of $30 million from both the

EBRD and ICBC Turkey. The total project cost is $86 million.

Railport is an innovative business concept in the transport sector which combines several modes to transport cargo, such as truck and rail. It will be built in Kocaeli province, a big industrial center, and will serve industries operating in the north-western part of Turkey, including the capital Ankara. The new logistics hub will facilitate freight rail transporta­tion within Turkey and between Asia and Europe, and will benefit trade among European, Balkan and Central Asian countries through the Baku-Tbilisi-Kars railway connection.

The terminal area will occupy 26.5 hectares. In the first phase of the project, the railport will handle 105,000 TEUs – a twenty-foot equivalent unit, the standard industry measure for containers – and 500,000 tons of general cargo. It will have 5,000 square meters of warehouse storage capacity.

Ozgur Kalelioglu, Port and Terminal Services Group President at Arkas Holding, said: “We are excited to lead the way and develop terminal capacity for effective, environmen­tally friendly combined modes of transport. The project brings together the marine terminal expertise of Arkas Holding and the know-how of Duisport, the largest hinterland hub operator of Europe. Our objective is to provide a gateway terminal servicing rail freight for the Turkish industry and support the developmen­t of intermodal transporta­tion to and from Turkey.”

Newspapers in English

Newspapers from Turkey

© PressReader. All rights reserved.