İzmir Port Plans $1.5 Billion Modernization in Two Phases
The plan includes dredging from early 2027, quay replacements and long-term capacity targets, while Alport runs cargo operations.
Key takeaways
- The port’s two-phase modernization plan calls for $1.5 billion in investment.
- Dredging is planned to begin in the first quarter of 2027 and take about two years.
- Alport aims to raise annual container handling capacity to 1.6 million TEU after dredging.
TVF İzmir Limanı plans to invest $1.5 billion in a two-phase modernization, aiming to serve larger ships and increase cargo capacity. Once both phases are complete, the port’s container capacity is projected to reach 3 million TEU.
The Türkiye Wealth Fund will retain ownership and investment responsibility, while Alport handles daily cargo operations. The first phase is planned to take four years; a second phase, tied to cargo volumes, is expected to span 10 years.
Dredging is scheduled to start in the first quarter of 2027 and take about two years. TVF executive board member Erhan Yelkenci said the work is intended to allow 400-meter ships to enter the port. A cruise quay is due to close in early 2027 for safety work, with reopening targeted for 2029.
Separately, Alport’s business development director said the company aims to raise annual container handling capacity from 1 million to 1.6 million TEU after dredging. The port’s longer-term projection of 3 million TEU reflects the completion of both investment phases.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
