Contribute Information
Can you contribute information about this project?
Contact the EWS Team
According to the AIIB, the objective of the project is to contribute to the initial phase of Antalya Airport sustainable development and connectivity enhancement expansion through the provision of a follow-on capex bridging loan.
The Project comprises three components:
(i) Terminal Works: expansion of International Terminal 2, Domestic Terminal and related carparks;
(ii) Airside Works: additional apron space and taxiways, infrastructure works for new maintenance hangar area, cargo terminal; and
(iii) 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.
As stated on the company's website, Antalya Airport is the major portal to the captivating Turkish Riviera. Joint venture of Fraport AG and IC Ictas was awarded the tender for operation of Antalya Airport terminals that took place in May 2007 with a concession payment amounting to € 2,4 billion. Within the scope of the concession agreement, the joint venture has gained the right to operate the Domestic Terminal, International Terminal 1, VIP and CIP terminals and, since 2009, International Terminal 2, until the end of 2024. In May 2018, TAV Havalimanlari purchased shares of IC Ictas and became an equal partner with Fraport AG in the management of Antalya Airport.
| 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 | owns | Fraport TAV Antalya Yatirim, Yapim ve Isletme A.S. | Client | Transport |
| Fraport | Parent Company | Transport | contracts with | IC ICTAS | Parent Company | Industry and Trade |
| IC ICTAS | Parent Company | Industry and Trade | owns | Fraport TAV Antalya Yatirim, Yapim ve Isletme A.S. | Client | Transport |
AIIB Team Leader:
Igor Popkov - Senior Investment Officer
Email: igor.popkov@aiib.org
Borrower - Fraport TAV Antalya Yatirim,Yapim ve Isletme A.S.:
Doruk Karabulut - Director, Project & Corporate Finance
Email: doruk.karabulut@tav.aero
Michael Reusch - Head of Asset Management
Email: m.reusch@fraport.de
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
