Original disclosure @ EBRD website
Updated in EWS Jan 6, 2023
Disclosed by Bank Nov 11, 2022
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The provision of a senior loan of up to EUR 140 million in favour of Fraport TAV Antalya Yatirim, Yapim ve Isletme A.S. (the "Borrower"), a special purpose vehicle owned by Fraport AG Frankfurt Airport Services Worldwide ("Fraport") and TAV Havalimanlari Holding A.S. ("TAV", together the "Sponsors"). The Sponsors were awarded in 2021 a 25-year concession for the operation of Antalya Airport between 2027 and 2051 by the Turkish State Airports Authority ("DHMI") to enable an increase in the capacity of Antalya Airport.
EBRD proceeds will be used to partially finance the Borrower's investments to be made into Antalya Airport until Q1 2024 through a capex bridge loan. The Project involves the expansion of passenger terminals and construction of additional apron spaces and taxiways.
The investments to be financed by Bank's proceeds include green certified building investments and comprehensive energy, resource efficiency and sustainability measures in the Airport. The terminal buildings to be expanded will obtain the "LEED Gold" certificate and the Project will implement solar PV panels and recycle the material generated by earthworks and demolition.
Emre Mutlu - Michael Reusch
+ 90 212 463 30 00 /2113 +49 69 690-21674
+90 212 465 31 00
Yenigol Mahallesi, Serik Cad., Dis Hatlar 1 Nolu Terminali Sit. No: 100/1 Muratpasa, Antalya, Turkey
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