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PROJECT DESCRIPTION
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.
PROJECT OBJECTIVES
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
emre.mutlu@tav.aero, m.reusch@fraport.de
+ 90 212 463 30 00 /2113 +49 69 690-21674
+90 212 465 31 00
https://www3.antalya-airport.aero
Yenigol Mahallesi, Serik Cad., Dis Hatlar 1 Nolu Terminali Sit. No: 100/1 Muratpasa, Antalya, Turkey
ACCESS TO INFORMATION
You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html