Antalya Airport – Türkiye’s second-busiest international gateway – is receiving significant support for its expansion programs from the Asian Infrastructure Investment Bank (AIIB). The airport is undergoing major expansion to meet growing demand while integrating sustainable infrastructure solutions. As an important entry point for international tourism, Antalya Airport plays a key role in supporting Türkiye’s rapidly recovering tourism sector and enhancing regional connectivity.
AIIB has provided a long-term project finance loan of EUR 140 million, alongside mobilizing an additional EUR 80 million in private capital to refinance previously extended construction bridge facilities. AIIB initially committed EUR202.5 million in total in 2023 and 2024 to aid the airport’s expansion.
AIIB’s long-term facility is part of a EUR2.5 billion landmark transaction in the airport infrastructure sector, financed through a blended structure involving the International Finance Corporation (IFC), European Bank for Reconstruction and Development (EBRD), Deutsche Investitions und Entwicklungsgesellschaft (DEG), and AIIB—alongside local and international commercial banks.
This loan extension marks AIIB’s transition from short-term support to long-term project financing and underscores the value of multilateral collaboration in delivering complex, high-impact infrastructure in emerging markets.
The airport expansion project includes the construction of new terminal facilities, LEED-certified infrastructure and on-site solar farms, all aligned with climate mitigation goals. This makes the project a strong example of infrastructure that boosts both operational capacity and climate resilience. On April 12, Türkiye President Recep Tayyip Erdoğan inaugurated the newly expanded terminals at Antalya Airport, which now have the capacity to accommodate approximately 80 million passengers. This expansion is set to meet the increasing demand, particularly from the tourism sector, and further cements the airport’s significance in Türkiye’s growing aviation infrastructure.
“Antalya Airport’s expansion project showcases how climate-aligned transport infrastructure can scale through international collaboration,” said Najeeb Haider, Director General of AIIB’s Project and Corporate Finance Clients Department (Global). “We are proud to support this landmark transaction, which contributes to enhanced connectivity and climate resilience in a vital regional gateway.”
“We are happy to partner with AIIB and successfully conclude the long-term financing of Antalya Airport project,” said Burcu Geriş, Deputy CEO and CFO of TAV Airports. “The signing coincides with the inauguration of the new facilities. Antalya is the largest tourism destination in the Mediterranean and Türkiye’s second busiest hub in terms of international traffic. It is a strategic investment that will provide the necessary infrastructure to support the region’s long-term development. The refinancing is a show of trust to the project, our successful track record and Türkiye’s tourism industry.”
"We are pleased to partner with AIIB in securing long-term financing for the Antalya Airport expansion, said Michael Reusch, Member of the Board of Fraport TAV Antalya Yatirim Yapim ve Isletme nominated by Fraport AG. “This collaboration is essential in reinforcing the airport’s role as a major international gateway, while integrating sustainable infrastructure solutions that align with global climate goals. Together, we are advancing Türkiye's aviation sector and enhancing regional connectivity by supporting infrastructure that is both resilient and future-ready."
The Antalya Airport project is aligned with AIIB’s Transport Sector Strategy and the Paris Agreement. As a reference case in the development of AIIB’s airport sector climate guidance, the project demonstrates the Bank’s evolving approach to evaluating and financing infrastructure that meets climate and capacity challenges simultaneously.
Through this refinancing, AIIB strengthens its long-term engagement with Türkiye while contributing to greener, more efficient transport infrastructure in one of the region’s key economic gateways.
About AIIB
The Asian Infrastructure Investment Bank is a multilateral development bank dedicated to financing “infrastructure for tomorrow,” with sustainability at its core. AIIB began operations in 2016, now has 110 approved members worldwide, is capitalized at USD100 billion, and is AAA-rated by major international credit rating agencies. AIIB collaborates with partners to mobilize capital and invest in infrastructure and other productive sectors that foster sustainable economic development and enhance regional connectivity.
About Fraport
Headquartered in Frankfurt, Germany, Fraport AG (Frankfurt Stock Exchange, MDAX) is one of the world leading players in the global airport business. Fraport’s portfolio of companies spans four continents with activities at 29 airports worldwide. The Fraport Group generated revenue of €4.4 billion and profit of €501.9 million in fiscal year 2024 (Dec. 31). More than 174 million passengers overall used airports actively managed by Fraport in 2024.
About TAV Airports
TAV Airports provides integrated services in all areas of airport operations, with a global footprint at more than 100 airports in more than 30 countries. In 2024, TAV Airports welcomed 107 million passengers across its portfolio. A member of Groupe ADP, TAV Airports is part of the leading airport management platform globally. Through its subsidiaries, TAV is active in airport service businesses, including duty-free, food and beverage, ground handling, IT, private security and commercial area management. The company is quoted on Istanbul Stock Exchange.
