Project
Mersin International Port
Major container port on the eastern Mediterranean, operated by Mersin International Port (MIP) under a 36-year transfer of operating rights signed with the Privatization Administration and TCDD on 11 May 2007. Shareholders are PSA International (51%), IFM Investors (39%; entered October 2017 by buying 40% from Akfen) and Akfen Holding (10%). The port is in an active US$455m East Med Hub 2 (EMH2) expansion from 2.6m to 3.6m TEU. Phase 1 was inaugurated on 29 May 2025, and the automated-yard Phase 2 is due to be fully operational by end-2026.
Status
Overview
- Location
- Mersin, Türkiye
- Delivery Model
- Transfer of operating rights (privatization)
- Revenue / Payment Model
- Port tariffs
- Contract Term
- 36 years from 11 May 2007
Project Developments
- Project · 29 May 2025Mersin International Port inaugurates East Med Hub 2 Phase 1
Mersin International Port inaugurated Phase 1 of its US$455m East Med Hub 2 terminal on 29 May 2025, completing the dredging and an 880-metre quay able to handle vessels of up to 24,000 TEU. Phase 2 adds an automated yard and lifts capacity from 2.6m to 3.6m TEU.
Participants & Roles
Investor / Shareholder
- Akfen Holding10%
- IFM Investors39% (acquired from Akfen, completed October 2017)
- PSA International51%
Government Entity / Grantor
- Turkish State Railways (TCDD)Party to the 2007 operating-rights agreement
- Privatization Administration (ÖİB)Party to the 2007 operating-rights agreement
Sources
- Akfen Holding — Port investmentsProject Company / Sponsor
- PSA — MIP completes first phase of East Med Hub 2 Terminal (29 May 2025)Project Company / Sponsor
- WorldCargo News — MIP rolls out automated yard system under EMH2 expansion (December 2025)Industry / Trade Source
- IPE Real Assets — IFM Investors completes investment in Mersin International PortIndustry / Trade Source