PROJECT

Projects

Environmental & Social Review Summary

Project Number

37619

Company Name

ASYAPORT LIMAN ANONIM SIRKETI

Date ESRS Disclosed

Oct 23, 2019

Country

Turkiye

Region

Central Asia and Turkiye

Last Updated Date

Jun 16, 2024

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Dec 3, 2019
Signed : Dec 19, 2019
Invested : Jun 30, 2020

Sector

Port and Harbor Operations

Industry

Infrastructure

Department

Regional Industry INF MCT

Project Description

 Asya Port Liman Isletmeleri A.S. (“Asyaport” or the “Company””) is a container terminal (the “terminal”) on the Marmara Sea near the city of Barbaros, Tekirdag Province, Turkey. The terminal is indirectly majority owned by Terminal Investment Limited Holding S.A. (“TILH” or the “Sponsor”), an affiliate of Mediterranean Shipping Company (“MSC”). The Terminal primarily acts as a transshipment hub for containers destined for the Black Sea via the Bosphorus Strait and have MSC, the world’s second largest shipping line, as an anchor customer.

The terminal, established in 2013 and operational since July 2015, is designed to serve large vessels that handled an annual throughput of 1.1 million twenty-foot equivalent unit (TEU) in 2018 with 9 Ship to Shore (STS) container cranes, 24 Rubber Tyred Gantry (RTG) cranes, 2 Reach Stackers, 5 empty container handlers, 40 terminal tractors and 2 mobile harbor cranes. IFC financed construction of the port with a prior loan committed in 2013 (Asyaport #32902 category B, ESRS and ESAP disclosed disclosed on April 23, 2013 and available at: https://disclosures.ifc.org/#/projectDetail/ESRS/32902 ).

Proposed investment is a follow-on to the original project of up to US$12 million A Loan, to accommodate increasing TEU volumes without facing bottlenecks or reducing operational efficiency. The project will add 2 electric STS cranes, 6 electric RTG cranes, 14 terminal tractors to Asyaport existing rolling stock, enabling the Terminal to reach its full designed capacity and improve productivity (the “project”). 

Overview of IFC's Scope of Review

Since Asyaport is an existing client, IFC’s environmental and social (E&S) assessment of this investment included review of the company’s environmental, health and safety (EHS) and social management capacity and performance vis-a-vis the requirements of IFC’s Performance Standards (PS), including the company’s E&S management system’s policies and procedures and their implementation at the terminal. The appraisal was based on the review of available technical documentations provided with annual monitoring reports, company responses to IFC’s E&S questionnaire, review of implementation of the corporate human resources, environmental and occupational health and safety policies and procedures; review of available information and operational performance related to life and fire safety, community health and safety, resource efficiency (water, energy), emergency response, and social performance.  The IFC E&S team conducted sites visits in February 2019 and a follow-up visit in May 2019 when interviews with financial, operational, government relations, legal and project E&S team-members were conducted.

As the proposed project involves expansion of the operations covered in the previous IFC investment, this ESRS builds upon the previously disclosed ESRS (https://disclosures.ifc.org/#/projectDetail/ESRS/32902), and is written as a supplement to this document.    

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan