| Project Detail |
Location: Türkiye Project number: 55775 Business sector: Transport Notice type: Private Approval date: 12 Mar 2025 Status: Exploratory English-language PSD published: 05 Feb 2025 Project Description The provision of a senior loan of up to EUR 225 million in favour of Fraport TAV Antalya Yatirim Yapim ve Isletme A.S. (the Company or the Borrower) as part of a long-term project finance loan to be provided to the Company. The Company is an SPV established in Turkiye for the purposes of operating Antalya Airport (AYT or the Airport) between 2027 and 2051, within the scope of a new 25-year concession awarded by the Turkish State Airports Authority (DHMI) in 2021. Project Objectives The proceeds of the loan are expected to: (i) refinance the bridge loan raised by the Company between 2022-2024, and (ii) finance associated interest, financing and other expenses. By refinancing a bridge loan, the operation is expected enable the Company to replace a temporary financing solution with a sounder and long-term project finance loan. Antalya Airport is the gateway to a leading leisure tourism destination in Europe and 3rd largest airport in Turkiye, having served 38.2m passengers in 2024. |
