BAKU, Azerbaijan, May 14. Asian Development
Bank has signed a $40 million loan agreement to support the
expansion and modernization of maritime logistics and
infrastructure in Türkiye, marking the lender’s first private
sector infrastructure transaction in the country since launching
operations there in October 2025, Trend reports via the Bank.
The financing will fund a long-term capital expenditure
programme aimed at upgrading shipping fleets, expanding logistics
capacity, and modernizing port infrastructure over the next eight
years.
According to ADB, the investment is expected to strengthen trade
connectivity, improve operational efficiency across key Black Sea
and Mediterranean shipping corridors, and support economic growth
and job creation in the region.
The project will focus on fleet modernization and sustainability
improvements, including measures designed to enhance cargo flows,
increase operational resilience, and reduce fuel consumption and
greenhouse gas emissions while complying with international
environmental and safety standards.
ADB noted that growing trade volumes across Asia, Europe, and
the Middle East are increasing the importance of resilient
logistics infrastructure, particularly given Türkiye’s strategic
geographic position linking regional trade routes.
The Turkish conglomerate involved in the project operates across
maritime transport, port management, integrated logistics,
automotive services, insurance, information technologies, and
tourism sectors.
