The FINANCIAL — The Black Sea Trade and Development Bank (BSTDB), a mandated lead arranger, will provide EUR 40 million loan to finance the construction of the new domestic terminal of Izmir Airport.
The BSTDB loan, signed on November 30, is part of a EUR 250 million long-term debt facility put together by BSTDB, the European Bank for Reconstruction and Development (EBRD), and commercial banks – Unicredit, Siemens Bank and Denizbank. The terminal will be built by TAV Ege (Turkey), which won the lease to operate the entire airport until 2032.
As the Black Sea Trade and Development Bank announced, Izmir is the third largest city in Turkey and a dynamic tourist and business destination with a population of 3.3 million. The new Izmir airport terminal will facilitate growing traffic, both domestic and international. It will be the most energy efficient airport in Turkey benefitting from a modern environmental management system.
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