Turkey-based Alternative Transport has received a loan of €27.5m from the European Bank for Reconstruction and Development (EBRD) to fund the acquisition of a new roll-on / roll-off (RoRo) cargo ship.

The new EBRD loan is also expected to provide a boost for the wider Turkish shipping industry.

Alternative Transport’s new €55.5m RoRo vessel will feature a 283-trailer capacity and is expected to carry wheeled cargo such as cars, trucks and trailers, as well as railroad cars that are driven on and off the ship.

An additional €4.5m junior loan will also be provided for the ship's construction under the EBRD's Green Logistics Programme, which is funded by the Global Environment Facility.

Turkey’s Isbank is also providing a parallel loan of €16m towards the shipbuilding programme.

The vessel will help Alternative Transport expand its routes connecting the Haydarpasa port in Istanbul, Turkey and the Italian port city of Trieste. It will also help the company increase operational efficiency and profitability.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
"We believe shipping operations are not only a successful business but also support a cleaner, safer and more efficient transport system for the country’s booming trade."

EBRD Transport director Sue Barrett said: “Although the importance of RoRo transportation between Europe and Turkey is increasing rapidly, shipping companies in Turkey suffer from scarce access to long-term financing.

“This is our second transaction with Alternative Transport, a truly international sea transport firm, as we believe shipping operations are not only a successful business but also support a cleaner, safer and more efficient transport system for the country’s booming trade.”

Alternative Transport also aims to realise its strategy of developing intermodal solutions to link major European ports via the latest EBRD support.

The compant further noted that it would continue to develop its infrastructure, as well as invest in new vessels, trucks, warehouses and ports to the benefit its customers.


Image: Alternative Transport is investing in a new €55.5m vessel to operate the route connecting Istanbul, Turkey and Trieste, Italy. Photo: courtesy of EBRD.