PROJECT

Projects

Environmental Review Summary

Project Number

24673

Company Name

ARKAS HOLDING ANONIM SIRKETI

Date ERS Disclosed

Jan 30, 2006

Country

Turkiye

Region

Central Asia and Turkiye

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Jul 16, 2007
Signed : Sep 25, 2007
Invested : Nov 1, 2007

Sector

Port and Harbor Operations

Industry

other

Department

Gbl Infrastructure & Natural Resources

Project Description

The project is to provide a corporate loan of up to $100 million to Arkas Holding A/S (“Arkas”, or the “Group”), which is one of Turkey’s leading maritime transport and logistic groups. Arkas’ primary focus is on container operations. It has its own container shipping line, operates its own container port terminals, and its shipping agency accounts for 40% of the containers moving through Turkey. The purpose of the corporate loan is to provide Arkas with the financial flexibility to proceed with a number of opportunities with which it is currently presented, primarily the development of several ports under Turkey’s ports privatization program.

Environmental and Social

Conclusion & Monitoring