IFC is helping to boost international air connectivity in Kazakhstan and spur economic growth by supporting the modernization of Almaty International Airport.
IFC is spearheading a $450 million financing package for the airport's owners, a consortium led by Turkey's TAV Airports. The funding will support the construction of a new international terminal at the airport, the busiest air transportation hub in Central Asia.
The project is expected to bolster Kazakhstan's links to the world and, in doing so, create thousands of jobs across the Kazakh economy. It will also set a new standard for environmentally friendly airport construction in Kazakhstan. The project represents the largest private investment in an airport in Central Asia.