KfW IPEX-Bank Provides Financing for Arkas Lojistik

Putting transport on rails: KfW IPEX-Bank provides EUR 39 million financing to Arkas Lojistik,Turkey, for the purchase of 5 Stadler EURODUAL locomotives for railway freight service. The transaction is covered by Swiss Export Risk Insurance (SERV).

The locomotives are part of Arkas Group’s “Railport Project”, which is an inland terminal that provides intermodal cargo services in Turkey, developed jointly by Arkas Holding and Duisburger Hafen (Duisport).

Furthermore, Arkas Logistics, Duisport and Hupac announced an agreement for the development of a railway service between the Halkalı terminals (European part of Istanbul) and Duisburg. Delivery time to recipients in Germany (Ruhr region), Belgium and the Netherlands is expected to be reduced to 7-9 days.

The six-axle dual-mode locomotives will be produced in Valencia, Spain, by Stadler Valencia, a subsidiary of Stadler Rail Group, a leading European rail vehicles manufacturer. The innovative hybrid locomotives will contribute to the modal shift from road to rail and run electrically, either powered via 25KV overhead catenary or by a low emissions high performance EN stage-V engine on non-electrified lines.

Overall, this will help to significantly reduce CO2 and other emissions in transportation which – besides supporting the European export industry – is the major goal of KfW IPEX-Bank.

This article was originally published by KfW IPEX-Bank.

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