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.

About Arkas:
Arkas Lojistik was founded in 1989 and is part of Arkas Holding. Arkas Lojistik provides transport services by sea, air, rail, and road, for both standard and bulk cargo, as well as other freight transport services. Arkas’ existing fleet amounts approximately to 700 railcars and 1,200 open containers.

About Stadler:
Stadler has been building trains for over 80 years. The provider of mobility solutions in rail vehicle construction, service and signalling technology has its headquarters in Switzerland. It has a workforce of over 13,500 based in various production and engineering locations as well as more than 70 service locations. The company is conscious of its social responsibility for sustainable mobility and therefore stands for innovative, sustainable and durable quality products.

About SERV:
SERV is an institution under public law of the Swiss Confederation. Operating in an economically viable manner, it insures export transactions (goods and services) of Swiss companies, especially against payment defaults. This means that it indemnifies an insured exporter or a financing bank if a buyer abroad is unable to pay, or refuses to pay, for political or economic reasons. With its insurance products, SERV also helps companies to manage liquidity by giving them access to loans and higher credit limits for their production costs. SERV operates on the basis of subsidiarity and offers its insurance products in addition to those available from private credit insurers. It thereby contributes towards the international competitiveness of the Swiss export economy and helps to preserve and create jobs in Switzerland. www.serv-ch.com