Independent journal on economy and transport policy
11:20 GMT+2
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Limak Investments has finalized the acquisition of the Turkish port of Iskenderun
the company will construct to a container terminal of the ability to 1.334.000 teu
December 30, 2011
The Limak Investments (Limak Yatirim) of the Turkish group Limak Holdings AS has finalized the acquisition of the port of Iskenderun, that it is situated on the Southeastern part of the Mediterranean coast of Turkey in press of the border with Syria.
Previously the port of call era of property of the railway society public Turk TCDD and the procedure of privatization has concluded 7th July with the official award of the port for a period 36-year-old to the Limak group, that it has so made its income in the harbour field.
The transaction is finalized today graces to a loan of 425 million dollars granted from six banks to the Limak, that therefore it has poured to the Turkish governmental agency for the privatizations 372 million dollars in order to acquire the port.
The project of the Limak Investments previews to realize in the port of call of Iskenderun a container terminal with a dock of 850 linear meters that will have a annual ability to traffic pairs to 1.334.000 teu. The project includes the demolition and reconstruction of the main harbour structures and the dredging of the backdrops to -15 meters.
Currently the Turkish port has ten docks for the traffic of goods several, bulk and rotabili, while the container can be disembarked solo from ships equipped with own means of raising.
Limak previews that the procedure of appraisal of environmental impact of the project will be completed within next March, date in which will be able to begin the operating phase of the project that will last 44 months.
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