Chinese AIIB provides loan for Antalya Airport expansion
The Asian Infrastructure Investment Bank (AIIB) has signed a 140-million-euro loan with Fraport TAV Antalya Yatırım, Yapım ve İşletme (FTA) for the expansion and modernization of Antalya’s Airport to improve airport service and the availability of travel options.
Chinese AIIB provides loan for Antalya Airport expansion
The Economics of Geography

Chinese AIIB provides loan for Antalya Airport expansion

Photo: iStock
Eurasia 24/04/2023 07:19

The Asian Infrastructure Investment Bank (AIIB) has signed a 140-million-euro loan with Fraport TAV Antalya Yatırım, Yapım ve İşletme (FTA) for the expansion and modernization of Antalya’s Airport to improve airport service and the availability of travel options.

According to the Turkish website Hürriyet, this capex bridge loan will facilitate more excellent cross-border connectivity between Europe, Asia, and other destinations, said the bank in a statement.

“It also marks AIIB’s inaugural non-sovereign backed financing transaction in the airport industry, bringing its global leadership in developing sustainable and energy efficient transport infrastructure to the aviation industry.”

Once completed, the extension of the Antalya Airport will improve the utilization of existing runway capacity and higher-quality terminal infrastructure while easing transportation constraints.
Photo: iStock
AIIB’s financing package is provided in partnership with the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD).

In addition to the improvement of Antalya Airport’s operational efficiencies, this collaboration will support the adoption of international environmental, social and governance (ESG) standards and climate change mitigation and adaptation efforts, the statement added.

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