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HomeNewsNegotiations about next phase of the Iskenderun Port in Turkey closed

Negotiations about next phase of the Iskenderun Port in Turkey closed

The loan facility has a tenor for 13.5 years and a grace period of 3 years. The contribution made by banks includes US$50m from Unicredit, US$75m from Finansbank, US$100m from Garanti, US$100m from Isbank, US$50m from Sinai Kalkinma Bank and US$50m from Vakiflar Bank. The project will total US$750m and the
concession has a length of 36 years. And the construction is expected to begin this year.

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