Turkey’s Arkas Holding has clinched a $335m syndicated loan facility with IFC, a member of the World Bank Group.
IFC is providing Arkas Holding the loan facility to help accelerate investments aimed at strengthening transportation and logistics infrastructure.
Arkas Holding will receive $260.3m as the first tranche of the syndicated loan, which was arranged with the participation of international financial institutions under the leadership of IFC. The remaining portion of the financing package is expected to be signed in the coming months.
This financing package, which includes institutions such as Emirates NBD and ILX Fund, will be used to fund Arkas’s sustainable operations and support the expansion of port infrastructure and intermodal transportation fleet.
Part of the loan will be allocated for refinancing short- and medium-term loans, enabling Arkas to realize long-term investment projects.
Arkas Holding and IFC officials gathered in Izmir to mark the signing of the loan agreement.
During the meeting, Arkas Holding chairman Lucien Arkas stated: “This loan agreement, led by IFC, not only certifies Arkas’s transportation strength internationally, but also Türkiye’s. By directing the financing to our port and transportation investments, we are working to strengthen Türkiye’s strategic bridge position between east and west. This investment will enhance the effectiveness of the Middle Corridor, making our country an even more critical point in the global transportation network.”
As informed, the IFC financing will fund Arkas’s planned investments to increase port capacity, strengthen connected road and rail lines, and support environmentally friendly energy practices.
