The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed on November 29 a buyer's credit (export loan) agreement amounting to up to approximately USD16 million (JBIC portion) with the Turkish company Yilport Holding A.S. (Yilport). The loan is co-financed with ING Bank N.V., Tokyo Branch, bringing the total co-financing amount to approximately USD32 million. Nippon Export and Investment Insurance (NEXI) will provide the insurance for the loan by the private financial institution.
The loan is intended to provide the necessary funds, through Yilport, for Liscont- Operadores De Contentores, S.A., a Portuguese subsidiary of Yilport, to procure an additional four port container cranes from MITSUI E&S Co., Ltd. (MITSUI E&S) for the Liscont Terminal in Lisbon, Portugal.
As one of the leading global terminal operators, Yilport aims to further expand its business around the world, including in Türkiye. This loan will support exports by the Japanese company and create business opportunities for it to assist efforts by Yilport, thereby contributing toward maintaining and strengthening the international competitiveness of Japanese industries.
JBIC signed a Memorandum of Understanding (MOU) that aims to support port development by using the port container cranes of MITSUI E&S, as Yilport plans to expand its port operations business in various parts of the world*1. This loan aligns with the objectives of the MOU.
As Japan’s policy-based financial institution, JBIC will continue to provide financial support to assist Japanese companies in the export of machinery and equipment and in the overseas expansion of their businesses by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function.
