The European Bank for Reconstruction and Development (EBRD) has provided an additional USD 30 million loan to Railport Terminal Isletmeleri to finance the Kocaeli Railport Terminal, the private inland intermodal terminal in Turkey.
For a project, EBRD and Railport have been signed a USD 30 million loan agreement in 2019. The USD 86 million project is also financially supported by Industrial and Commercial Bank of China – Turkey (ICBC Turkey), a bank in majority owned by China and Turkey.
The new terminal will have an annual capacity of 105,000 TEUs and 500,000 tonnes of 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 5,000 square meters of warehouse storage capacity.
The railport is developed by the Turkish logistics company Arkas and Duisport.
The project involves the development of an intermodal hub for freight transport within Turkey and will facilitate rail freight transport within Turkey and between Asia and Europe, as well as among European, Balkan and Central Asian countries. There are currently no intermodal terminals operating on the route connecting Turkey to Europe and Central Asia.
The new intermodal terminal will improve freight traffic flow both domestically and internationally via railways. With the Baku – Tbilisi – Kars railway connection and the Marmaray Tunnel the intermodal terminal will be a logistics centre, directly connected to trade routes from China to Europe.
Kocaeli Railport Terminal designed as a major industrial hub will be situated in Kocaeli province and will serve the industries located in nine regions – the Ankara, Bilecik, Bolu, Bursa, Duzce, Eskisehir, Kocaeli, Sakarya and Yalova regions.
The new terminal will contribute to a modal shift towards railways which will increase transport efficiency and will reduce the impact in the environment as it will be 18 times less carbon emissions compared to road transport.
The terminal will be an important for Turkish foreign trade which by 2023 is estimated to increase the rail freight transport share to 15%.
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