TAV Airports-led consortium raises $450 mln in loans for Almaty airport (updated)

Tav Havalimanlari Holding

28/09/2021 13:34

(Adds details)
    ALMATY, Sept 28 (Reuters) - A consortium led by Turkey's TAV
Airports  TAVHL.IS  has raised $450 million in loans to finance
upgrades at the airport of Almaty, Kazakhstan's biggest city,
the European Bank for Reconstruction and Development  EBRD.UL 
has said.
    The EBRD and the International Finance Corporation, an arm
of the World Bank, have contributed $150 million each towards
the project's $780 million total costs, the bank said in a
statement late on Monday.
    The EBRD and IFC are also mobilising equal parallel loans
totalling $150 million from the Eurasian Development Bank and
German development finance institution DEG.
    TAV Airports took over the Almaty airport this year, saying
it would double its capacity.

 (Reporting by Olzhas Auyezov; Editing by Ramakrishnan M. and
Louise Heavens)
 ((olzhas.auyezov@thomsonreuters.com; +7 727 2508 500; Reuters
Messaging: olzhas.auyezov.thomsonreuters.com@reuters.net))