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Turkey’s 1st intermodal cargo terminal to open in 2020

Turkish logistics company Arkas Holding’s intermodal inland cargo terminal project “Railport” will be launched in 2020, the president of the holding’s port and terminal services group said.

The project, which has been developed for over 10 years, is a version of a port located on land — dry port — and it will serve for both trucks and trains, Ozgur Kalelioglu told Anadolu Agency.

A $60 million financing agreement was signed by Arkas Holding, the Europan Bank for Reconstruction and Development (EBRD) and the Industrial and Commercial Bank of China (ICBC) Turkey during the EBRD Annual Meeting in the Bosnian capital Sarajevo on Thursday.

The financing will be partly financed with loans of $30 million from the EBRD and the ICBC Turkey, each.

Read more on Anadolu Agency.

 

Source: Anadolu Agency

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