Tekirdag Port Modernization and Expansion

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The project involves the modernization and expansion of Tekirdag port on the Sea of Marmara, located in Ertugrul District (Süleymanpasa District) of Tekirdag Province, in Turkey. The capacity is expected to increase from 1.6 million tons in 2017 to 1.9 million tons in 2022 for general and dry bulk cargo and from 150,000 to 260,000 tons for liquid cargo for the same period. Ceyport Tekirdag Uluslararasi Liman Isletmeciligi AS is operating the port under a 36-year concession granted by the Turkish Privatisation Authority in December 2018. The SPV is 51% owned by Ceynak Lojistik ve Ticaret A.S., 25% by Samsunport-Samsun Uluslararasi Liman Isletmeciligi A.S. and 24% by private individuals Ali Avci, Mehmet Berzan Avci and Lerzan Avci Lulecioglu. The total project cost is $127.8 million. EBRD and ICBC Turkey are providing 17.5 million each. Financial close was achieved on 10 December 2019. https://www.ebrd.com/news/2019/ebrd-finances-tekirdag-port-on-turkeys-sea-of-marmara.html https://www.ebrd.com/work-with-us/projects/psd/50172.html