Antalya Airport Tender

Project ID: 55775
Status: Disbursing
Location: Türkiye
Business Sector: Transport
Notice Type: Private
Approval Date: 12 Mar 2025
Disclosure date: 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.