Almaty International Airport expansion (EBRD-51186)

  • Kazakhstan
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 4, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Construction
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 229.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 737.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Dec 14, 2020

Disclosed by Bank Nov 2, 2020

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Project Description


EBRD is going to provide a loan in  order to finance the the construction of a new passenger terminal  Almaty International Airport  and  the refinancing of the acquisition of ALA and the associated fuel business entity Venus Trading LLP ("VT" ) by a consortium of investors led by TAV Airports.


The Project aims to expand the airport infrastructure and improve service levels at the Almaty International Airport complex. In terms of passenger numbers, ALA is the biggest airport in Kazakhstan (served 6.4 million passengers in 2019), yet does not meet international airport infrastructure standards. This Project will be the first large-scale foreign direct investment (FDI) in the airport infrastructure sector in Kazakhstan and the largest across the Central Asia region.


Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors
Private Actors Description


The Project sponsors are TAV Havalimanlari Holding A.i. ("TAV Airports," 85 per cent) and Kazakhstan Infrastructure Fund C.V. ("KIF") managed by VPE Eurasia GP Limited (15 per cent).

Contact Information


Fatih 530 780 91 87-www.alaport.com42 Mailina street, Turksibskiy district, Almaty, Republic of Kazakhstan, post code 050039


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