(BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced a €50 million loan to Fraport TAV Antalya Yatirim Yapim ve Isletme (FTA) in Turkey to finance the finishing touches on improvements to Antalya Airport. These improvements, adding LEED-Gold-rated terminals and energy-saving measures will optimize operating power and increase the capacity of existing infrastructure. FTA, a joint venture between Fraport AG and TAV Airports Holding, is expected to complete the investment program prior to the start of its new 25-year Concession in 2027. The loan underlines the EBRD’s commitment to supporting the progress of connectivity and infrastructure in Turkey, strengthening its truly extensive investment in the region since 2009.
(PRESS RELEASE) LONDON, March 27, 2024 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) is offering an additional €50 million loan to Fraport TAV Antalya Yatirim Yapim ve Isletme (FTA) in Turkey to finance the finished touch of Antalya Airport.
Innovations at the airport will contribute to increased operational power and help optimize the capacity of existing infrastructure. The ongoing investment program will result in the implementation of key carbon and energy saving measures, adding Leadership in Energy and Environmental Design (LEED) – Gold-rated terminals, solar PV integration, and use of complex terminal operation and energy technologies. Consumption monitoring systems.
FTA is a joint venture between global airport operators Fraport AG, Frankfurt Airport Services Worldwide (Fraport) and TAV Airports Holding (TAV Airports). The two sponsors currently operate Antalya Airport as an existing concession that expires at the end of 2026.
The loan follows a previous EBRD loan of €140 million, granted in March 2023, which is part of a €2. 3 billion financing package that aggregates the budgets of the International Finance Corporation (IFC) and the Asian Infrastructure Investment Bank (AIIB).
The extended financing, which underscores the Bank’s ongoing effort to improve connectivity and infrastructure in the region, will enable FTA to complete the investment program before the start of its new 25-year concession for Antalya Airport in 2027.
The company is also committed to continuing its efforts to promote the participation of women in the sector, taking advantage of its extensive chain and contractual relationships.
The EBRD is one of the largest investors in Turkey, with approximately €19. 5 billion invested in 440 industry projects and facilitation lines since 2009, most of them in the personal sector.
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SOURCE: EBRD
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