The European Bank for Reconstructiona and Development (EBRD) will allocate 145 million euros for construction of a brand-new airport terminal for domestic flights in Izmir (Turkey), EBRD reported on Friday.
According to the report, the EBRD’s financing package will consist of an A-loan (up to 70 million euros for the Bank’s own account) and a B-loan (up to 75 million euros syndicated to commercial banks, UniCredit and Siemens Bank). The rest of an overall 250 million euros debt facility to finance the project is being provided by Turkish Denizbank (65 million euros) and the Black Sea Trade and Development Bank (40 million euros).
The new domestic terminal will be built alongside the existing international terminal by TAV Ege, a fully owned subsidiary of TAV Airports that won the lease to operate the entire airport until the end of 2032.
