The European Bank for Reconstruction and Development (EBRD) has arranged a senior loan of US$150 million for the development of key infrastructure at Almaty International Airport, Kazakhstan.
The financing will be provided to a consortium of investors led by TAV Airports. The loan will be used in the construction of a new passenger terminal as well as refinancing of the acquisition of the airport and the associated fuel business entity Venus Trading LLP (VT) by a TAV Airports consortium.
The financing contributes to the total cost of the investment program of US$780 million. The International Finance Corporation (IFC) also provides a US$150 million loan of a similar size and structure. The EBRD and the IFC are jointly mobilizing equal parallel loans by the Eurasian Development Bank (EDB) and DEG, the German development finance institution, in the total amount of US$78 million.
TAV Airports consortium has closed transaction for the full ownership acquisition of Almaty Aiport and the associated jet fuel activities in Kazakhstan. The consortium is led by TAV Airports and inclu...
Read moreThe first-of-a-kind road public-private partnership (PPP) - Big Almaty ring road PPP project (BAKAD) in Kazakhstan has reached financial close. The largest infrastructure project in Kaz...
Read moreTAV Airports signed a share purchase agreement to acquire 100% of the shares of Almaty Airport, together with its consortium partner VPE Capital. The agreement comprises the acquisition of the airport...
Read moreThe Ministry of Healthcare in Kazakhstan with European Bank for Reconstruction and Development (EBRD) has launched a request for expression of interest seeking a technical consultant for design,...
Read moreThe Asian Development Bank (ADB) with the Office of Public-Private Partnership (OPPP) in Kazakhstan has issued a request for expression of interest seeking a financial consultant for construction and...
Read more