Kazakhstan
Development of Almaty International Airport – Bank of America-arranged syndicate (Phase 2)
$670m
Project amount
$100m
EDB share
Project overview
The Eurasian Development Bank (EDB) is an anchor lender in a syndicate arranged by Bank of America to finance the further development of Almaty International Airport. The EDB will contribute $100 million.
The syndicate includes Merrill Lynch International, Société Générale, the Turkic Investment Fund and banks in Kazakhstan.
Almaty International Airport is the largest aviation hub in Central Asia and ranks first in Kazakhstan for passenger and cargo traffic. It currently serves more than 32,000 passengers a day and handled 12 million passengers in 2025. The financing has a final maturity in 2033.
TAV Airports is a shareholder in Almaty International Airport JSC. Its majority shareholder is France-based Groupe ADP, the operator of Paris’s three main airports. TAV Airports operates 15 airports in 8 countries.
The syndicate includes Merrill Lynch International, Société Générale, the Turkic Investment Fund and banks in Kazakhstan.
Almaty International Airport is the largest aviation hub in Central Asia and ranks first in Kazakhstan for passenger and cargo traffic. It currently serves more than 32,000 passengers a day and handled 12 million passengers in 2025. The financing has a final maturity in 2033.
TAV Airports is a shareholder in Almaty International Airport JSC. Its majority shareholder is France-based Groupe ADP, the operator of Paris’s three main airports. TAV Airports operates 15 airports in 8 countries.
Project goals and objectives
Goal: To develop the airport’s infrastructure and improve its operational efficiency.
Objective 1
Modernise the domestic terminal.
Objective 2
Improve airside infrastructure in the Republic of Kazakhstan.
Objective 3
Expand the cargo terminal.
Objective 4
Build aircraft de-icing facilities.
Development impact
The project will improve connections between the international and domestic terminals, while upgrades to airside infrastructure will enhance the airport’s operational efficiency and capacity.
Speed up
baggage handling and aircraft servicing
Expand
parking facilities and improve access to the airport
Streamline
apron operations
