Mersin, Turkey (PortSEurope) July 18, 2023 – The European Bank for Reconstruction and Development (EBRD) will provide a senior loan of up to $50 million to Mersin Uluslararasi Liman Isletmeciligi A.S, the operator of the Mersin International Port.
The loan will partially finance the second phase of the construction of the East Mediterranean Hub (EMH) Project, which aims to increase the port’s container handling capacity.
The EMH project started in 2013, aiming to upgrade and expand the port’s container handling capacity. Phase 1 of the EMH project (EMH1) was completed in 2016. In order to maintain its competitive position, MIP is now proposing to undertake Phase 2 of the EMH project (EMH2), which primarily includes the expansion of the container facilities to provide better services with fewer restrictions to the customers.
MIP is part of PSA International.
Copyright (C) Ports Europe. All Rights Reserved. 2023.