Turkey plans to build a container port in the Eastern Mediterranean that will operate as a gateway to the Middle East and Central Asia.
The presidential office said the port will be part of China’s Belt and Road Initiative (the BRI), reported Middle East Monitor.
According to the Presidential Annual Plan for 2021, the most suitable location will be determined when survey and project works are carried out next year.
The project is in coordination with the Transportation and Infrastructure Ministry and the Environment and Urbanisation Ministry. Turkey will take steps for commercial initiatives for port logistics.
The BRI, which encompasses over 100 nations and international organisations. aims to facilitate trade and investment and boost economic growth by building infrastructure networks that connect Asia with Europe.
China Merchants, Cosco Pacific and infrastructure investment specialist CIC Capital hold a majority stake in Kumport Terminal. Located on the northwest coast of the Marmara Sea, Kumport is Turkey’s third-largest container terminal and is a strategic link to Europe.
Port Strategy contacted the Presidency of the Republic of Turkey for comment but did not receive a response before its deadline.
Source: Port Strategy