The European Bank for Reconstruction and Development (EBRD) will allocate a syndicated loan of up to 229.4 million USD for Almaty International Airport expansion.
The project finances capital expenditure programme of Almaty International Airport ("ALA"), including the construction of a new passenger terminal and the refinancing of the acquisition of ALA and the associated fuel business entity Venus Trading LLP ("VT" ) by a consortium of investors led by TAV Airports.
The Project aims to expand the airport infrastructure and improve service levels at the Almaty International Airport complex. In terms of passenger numbers, ALA is the biggest airport in Kazakhstan (served 6.4 million passengers in 2019), yet does not meet international airport infrastructure standards. With the construction of a new international terminal, the modernisation of the domestic terminal, and the adoption of IATA's Optimum Level of Service standards, the airport will be able to provide better quality aeronautical services and expand its commercial space to offer a wider scope of non-aeronautical services.
