EDB joins Bank of America-led syndicate to finance Almaty airport, contributing $100 millionThe Eurasian Development Bank (EDB) is acting as a senior co-lender in a $670 million syndicate arranged by Bank of America to finance Almaty International Airport, with the EDB contributing $100 million, the bank said.The financing will support the airport's capital investment program, including modernization of the domestic terminal, airside infrastructure improvements and aircraft de-icing facilities, as well as expansion of the cargo terminal.The project will improve connectivity between the international and domestic terminals, speed up baggage handling and enhance operational efficiency and capacity.The financing has a final maturity in 2033.Almaty International Airport is Central Asia's largest aviation hub and Kazakhstan's largest airport by passenger and cargo traffic. It serves more than 32,000 passengers a day, with passenger traffic of 12 million in 2025.In 2021, the EDB, DEG, EBRD and IFC financed the airport's expansion and modernization. The project included construction of a new international terminal, commissioned in 2024, raising the airport's annual design capacity from 3 million to 14 million passengers."We have consistently supported the development of Almaty Airport and are pleased to continue this work as part of the new Bank of America syndicate. Our extensive experience in syndicated financing enables us to work effectively with international and local financial institutions," EDB Management Board Chairman Nikolai Podguzov said.Almaty International Airport is part of TAV Airports, whose main shareholder is Groupe ADP. (ICE ALMATY)

Fonte notizia: INTERFAX