EBRD Provides 140 Million Capex Bridge Loan for Antalya Airport Expansion

Strategic Insights -

The European Bank for Reconstruction and Development (EBRD) has provided a 140 million capex bridge loan to Fraport TAV Antalya Yatirim, Yapim ve Isletme (FTA) in Turkey as part of a financing package that includes funds from the International Finance Corporation (IFC) and Asian Infrastructure Investment Bank (AIIB). The EBRD's investment aims to enable the airport's new infrastructure to be completed while ensuring improvements in energy efficiency. The project includes green investments such as LEED certified terminals and a solar power plant, and FTA has committed to obtaining the Level 4 Transformation accreditation under the Airport Carbon Accreditation scheme. The airport's expansion will increase its passenger capacity, currently operating near capacity, and enhance the region's share of tourists from key markets.

Key Takeaways:

  • The EBRD provided a 140 million capex bridge loan to FTA for the expansion of Antalya Airport, which is part of a financing package including funds from the IFC and AIIB.
  • The EBRD's investment aims to complete the airport's new infrastructure and improve energy efficiency.
  • The project includes green investments such as LEED certified terminals and a solar power plant.
  • FTA has committed to obtaining the Level 4 Transformation accreditation under the Airport Carbon Accreditation scheme.
  • The airport's expansion will increase its passenger capacity and enhance the region's share of tourists from key markets.
  • The EBRD is a leading institutional investor in Turkey, with nearly 17 billion in investments since 2009.
  • FTA has committed to inclusive procurement to increase the share of women within its contractor workforce.
  • The airport is currently operated by the same sponsors under an existing concession that expires at the end of 2026, and will be operated by FTA for 25 years starting in 2027.
  • The expansion will include the construction of new service facilities, expansion of passenger terminals, and creation of additional apron spaces and taxiways.

Statistics:

  • 140 million: the value of the EBRD's capex bridge loan to FTA.
  • 17 billion: the EBRD's total investments in Turkey since 2009.
  • 25 years: the length of the concession awarded to FTA to operate Antalya Airport starting in 2027.
  • 30 million: the number of passengers served by Antalya Airport in 2022.
  • 2026: the year in which the existing concession for the operation of Antalya Airport expires.
  • 2052: the year in which the tourism sector in the Antalya region is expected to continue growing.

Sources:

  • Al Bawaba (Albawaba.com)
  • SyndiGate Media Inc. (Syndigate.info)