Turkiye: Antalya Airport Expansion Project (AIIB-000639)

Countries
  • Turkiye
Geographic location where the impacts of the investment may be experienced.
Specific Location
Antalya
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Fraport TAV Antalya Airport SA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ AIIB website

Updated in EWS Feb 17, 2023

Disclosed by Bank Nov 1, 2022

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The objective of the project, as stated by the AIIB, is to contribute to the initial phase of Antalya Airport expansion through the provision of a capex bridging loan.
The Project comprises three 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.

The Project will increase the annual capacity of the Antalya Airport from 40 million passengers to 80 million passengers in three phases.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The project is co-financed by the EBRD and the IFC.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

From the EBRD website:

Fraport TAV Antalya Yatirim, Yapim ve Isletme A.S. [is] a special purpose vehicle owned by Fraport AG Frankfurt Airport Services Worldwide and TAV Havalimanlari Holding A.S..

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Fraport Parent Company Transport
- - - - Fraport TAV Antalya Yatirim, Yapim ve Isletme A.S. Client Transport
- - - - TAV Airports Holding Parent Company Transport

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

AIIB's Team Leader:

Igor Popkov - Private Sector Operations Specialist
Email: igor.popkov@aiib.org

Borrower & Sponsors:

Fraport TAV Antalya Yatirim, Yapim ve Isletme A.S.:

Address:
Fraport TAV Antalya Terminal Management Inc.
Antalya Havalimani 1, Dis Hatlar Terminali
07230 Antalya, Turkey
Email: info@antalya-airport.aero
Website: https://www.antalya-airport.aero/anasayfa

TAV Airports: 

Project contact person -
Emre Mutlu - Head of Project & Corporate Finance
Email: emre.mutlu@tav.aero

Company information -
Phone: +90 212 463 3000 
Fax: +90 212 465 3100
Email: info@tav.aero
Website: https://tavhavalimanlari.com.tr/

Fraport Group:

Project contact person -
Michael Reusch - Asset Director & Investment Manager
Email: m.reusch@fraport.de

Company information -
Address: Fraport AG, Frankfurt Airport Services Worldwide, 60547 Frankfurt / Main, Germany
Phone: +49 1806 372-4636
Email: feedback@fraport.de
Website: https://www.fraport.com/en.html

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html

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