Turkey’s Asyaport, a major trans-shipment hub for cargo bound for Black Sea ports, has received the fourth loan from the European Bank for Reconstruction and Development (EBRD) for Turkey’s port infrastructure, said the bank in a statement on Monday. 

“Turkey’s key trans-shipment hub Asyaport will increase its capacity and improve efficiency with a new $12 million loan by the EBRD,” the statement said.

It added that the funds will co-finance the acquisition and installation of energy-efficient electric ship-to-shore cranes, electric rubber-tired gantry cranes and terminal tractors. 

The new equipment will help raise the port’s berth and yard capacity during

Read more: Turkey's Asyaport gets new $12M loan from European Bank