Asyaport Extension

completed

 Asya Port Liman Isletmeleri A.S. (“Asyaport” or the “Company””) is a container terminal (the “terminal”) on the Marmara Sea near the city of Barbaros, Tekirdag Province, Turkey. The terminal is indirectly majority owned by Terminal Investment Limited Holding S.A. (“TILH” or the “Sponsor”), an affiliate of Mediterranean Shipping Company (“MSC”). The Terminal primarily acts as a transshipment hub for containers destined for the Black Sea via the Bosphorus Strait and have MSC, the world’s second largest shipping line, as an anchor customer. The terminal, established in 2013 and operational since July 2015, is designed to serve large vessels that handled an annual throughput of 1.1 million twenty-foot equivalent unit (TEU) in 2018 with 9 Ship to Shore (STS) container cranes, 24 Rubber Tyred Gantry (RTG) cranes, 2 Reach Stackers, 5 empty container handlers, 40 terminal tractors and 2 mobile harbor cranes. IFC financed construction of the port with a prior loan committed in 2013 (Asyaport #32902 category B, ESRS and ESAP disclosed disclosed on April 23, 2013 and available at: https://disclosures.ifc.org/#/projectDetail/ESRS/32902 ).Proposed investment is a follow-on to the original project of up to US$12 million A Loan, to accommodate increasing TEU volumes without facing bottlenecks or reducing operational efficiency. The project will add 2 electric STS cranes, 6 electric RTG cranes, 14 terminal tractors to Asyaport existing rolling stock, enabling the Terminal to reach its full designed capacity and improve productivity (the “project”).