EBRD finances Arkas’ innovative logistics hub
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.”