Ankara, Turkey (PortSEurope) June 20, 2023 – The European Bank for Reconstruction and Development (EBRD) has launched a programme to modernise the maritime sector in Turkey. This will facilitate green investments and climate mitigation technologies in ports and shipping.
The Maritime Decarbonisation and Green Shipping Programme for Turkey was designed with the Turkish Ministry of Transport and Infrastructure. The cost of the programme is estimated at €70 million. The European Union (EU) will provide €20 million of the total and the programme will support both private- and public-sector investments.
The programme will promote investments in ports and vessels, and provide technical assistance and capacity building. It will also support the country’s institutional and regulatory frameworks to ensure the wide-ranging transformation. The country currently has an ageing fleet and outdated port infrastructure.
Sue Barrett, the EBRD’s Director for Infrastructure in Türkiye, the Middle East and Africa, welcomed the programme, said: “Change is continuous, but never easy. The EBRD is pleased to be joining forces with the EU and Türkiye’s Ministry of Transport and Infrastructure at this significant stage, with a programme capable of generating sector-wide, transformational impact. We are confident that our funds, assistance and dialogue will work to align Türkiye’s maritime sector with rapidly progressing international standards, securing a greener future for the country.”
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