Railport Turkey

repaying

The provision of an additional commitment of up to USD 25 million to Railport Terminal Isletmeleri A.S. ("Railport"). The Project Summary Document was originally disclosed on 20 July 2018, and updated on 9 March 2022. A Loan Agreement, in the amount of USD 60 million, was signed between the EBRD and Railport on 19 October 2022 to finance the first private inland terminal to provide intermodal cargo services in Turkiye (the "Project"). The EBRD proceeds will be used for the Project; for the construction of additional warehouse areas. An innovative business concept in Turkiye's transport sector, the Railport will be located in the Kocaeli province of Turkiye, a major industrial hub. It will service industries located within the Ankara, Bilecik, Bolu, Bursa, Duzce, Eskisehir, Kocaeli, Sakarya and Yalova regions. The terminal will have an annual capacity of 105,000 twenty-foot equivalent units (TEU) and 500,000 tonnes general cargo after implementation of the Phase 1 of the Railport. This capacity will be realised on a terminal area of 26.5 hectares, with 20,000 square meters of warehouse storage capacity. The project involves the development of an intermodal hub for freight transport within Turkiye and will facilitate freight rail transport within Turkiye and between Asia and Europe, as well as among European, Balkan and Central Asian countries.