USD153 million loan agreement signed for Airport PPP Project in Turkey
The Asian Infrastructure Investment Bank (AIIB) has signed a EUR140 million (US$153 million) loan with Fraport TAV Antalya Yatirim, Yapim ve Isletme (FTA) for the expansion and modernization of Antalya’s Airport in Türkiye.
The capex bridge loan aims to improve cross-border connectivity between Europe, Asia, and other locations by extending the Antalya Airport. This will enhance the utilization of current runway capacity and upgrade terminal infrastructure easing transportation constraints. AIIB’s financing package is provided in partnership with the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD).
The Project comprises 3 components:
- Terminal Works: expansion of International Terminal 2, Domestic Terminal and related carparks;
- Airside Works: additional apron space and taxiways, infrastructure works for new maintenance hangar area, cargo terminal; and
- Other Works: gates, landscaping, on-site solar farm and others.
Apart from enhancing the operational efficiencies of Antalya Airport, this partnership will promote the implementation of global environmental, social, and governance (ESG) standards and initiatives related to climate change mitigation and adaptation.
Country news
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October 27, 2020
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March 21, 2018
US$2.8 billion financing for bridge-highway project in Turkey
Çanakkale Otoyol, the owner of the 1915 Çanakkale Bridge and Highway project, has announced that it has secured EUR2.3 billion (US$2.83 billion) financing from a consortia of 24 banks and institutions from ten countries. The project involves the construction of the longest suspension bridge in the world in north-west Turkey. The total estimated value is EUR3.1 billion (US$3.85 billion).
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March 12, 2018
TAV Airports to operate Antalya Airport alongside Fraport
TAV Airports has announced that it is buying IC İçtaş' 49% stake in ICF Antalya, the joint venture that manages Antalya Airport. Located on the south-west coast of Turkey, 13km north-east of the city centre of Antalya, the airport is the second biggest in the country in terms of international passenger traffic, having served more than 26 million passengers in 2017.
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February 01, 2018
Turkey announces route for canal PPP
The Government of Turkey has announced the route for a canal to be developed through a public-private partnership. The 45-km Kanal Istanbul will link the Black Sea and the Sea of Marmara west of the Bosphorus, running from the Durusu region on Istanbul's Black Sea coast to Kucukcekmece Lake on the Sea of Marmara.
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January 04, 2018
EUR715 million financial close for medical research centre in Ankara
CCN Yatırım Holding Anonim Şirketi has achieved financial close of its contract to finance the design, construction, operation and maintenance of a medical research centre in Ankara. The estimated value of the project is EUR715 million (US$858 million).
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