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ARTICLE · 15 SEPTEMBER 2009

The Port Operation Industry Is Growing: What About Financing Port Projects?

Hergüner Bilgen Üçer Attorney Partnership
Hergüner Bilgen Üçer Attorney Partnership
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Hergüner Bilgen Üçer Attorney Partnership

Hergüner Bilgen Üçer Attorney Partnership

Since 1989, Hergüner Bilgen Üçer has been recrafting the Turkish law firm model along modern...

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The expanding volume of global trade is having a profound impact on world shipping, especially container shipment traffic.

TurkeyTransport

The expanding volume of global trade is having a profound impact on world shipping, especially container shipment traffic. This is naturally giving rise to a need for ports with well-run facilities, infrastructure and superstructure, which in turn require high investment. Turkey – a country whose coasts are long and available for port construction, whose location makes it geopolitically important, and 91.4% of whose international trade transportation is conducted by sea – is attractive to investors interested in the port construction and operation sectors.

Currently, private-sector involvement in Turkey's port industry takes place by means of transferring operation rights through privatization, the build-operate-transfer (BOT) model, and by launching private greenfield projects through licensing and permit methods.

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