Antalya Airport in Türkiye is to undergo a major expansion and modernisation programme.
The Asian Infrastructure Investment Bank (AIIB) has signed a EUR140-million loan with Fraport TAV Antalya Yatirim, Yapim ve Isletme (FTA) to improve airport service and the availability of travel options.
The modernization will permit greater cross-border connectivity between Europe, Asia and other destinations.
Once completed, the extension of the Antalya Airport will improve utilization of existing runway capacity and higher-quality terminal infrastructure while easing transportation constraints.
Gateway to tourism
“The Antalya Airport is a gateway to tourism in Türkiye,” said Konstantin Limitovskiy, AIIB’s Vice President for Investment Operations.
“This project is aligned with AIIB’s Transport Sector Strategy and thematic priorities of Green Infrastructure, Connectivity and Regional Cooperation and Private Capital Mobilization.”
The upgrade programme for the Turkish airport is actually the first solid entry into the sustainable aviation market for the investment bank and it will boost the tourism-dependent economic health of Antalya region locally.
“It will also contribute to Türkiye’s economic recovery from recent financial shocks and local natural disasters while enhancing global cross-border connectivity,” added Limitovskiy.
Supporting green initiatives and sustainability
In addition to the improvement of Antalya Airport’s operational efficiencies, this collaboration will support the adoption of international environmental, social and governance (ESG) standards and climate change mitigation and adaptation efforts.
The project will reduce greenhouse gas emissions by introducing low-carbon measures in compliance with LEED green building standards, which AIIB will also monitor as part of the project’s intermediate indicators.
These measures will also include the construction of an on-site solar farm and other various energy efficiency initiatives, which will rank the Antalya Airport among the top best carbon management airports in the world, as it aims to achieve carbon neutrality by 2050.
AIIB has been active in Türkiye since 2018 and has committed over USD3.9 billion through 19 projects covering the water, energy, urban, transport and healthcare sectors across the Turkish market.
About Antalya Airport
Antalya Airport is an international airport located in Antalya, Turkey. It is one of the busiest airports in Turkey and serves as a major gateway to the popular tourist destinations on the Mediterranean coast
The facility is an extremely important airport for the region with respect to air travel and air connectivity. Here are a few reasons why:
Antalya is one of the most popular tourist destinations in Turkey, with millions of visitors coming to the city and the surrounding coastal area every year. Antalya Airport is the main gateway for these tourists, providing air connectivity to many domestic and international destinations.
The tourism industry is a major contributor to the local economy in the Antalya region. The airport plays a crucial role in supporting this industry by providing air connectivity to tourists and facilitating the movement of goods and services to and from the region.
Antalya Airport provides air connectivity to many destinations within Turkey and across Europe, Asia, and Africa. This makes it an important hub for regional connectivity, connecting the Antalya region to other parts of Turkey and the world.
Antalya Airport is also an important hub for air cargo. It handles a significant volume of air freight, including perishable goods such as fruits and vegetables, textiles, and electronics.
The Turkish remains a crucial transportation hub for the region, providing air connectivity to tourists, supporting the local economy, and connecting the region to other parts of Turkey and the world.