Tbilisi International Airport



Project number:


Business sector:


Notice type:


Environmental category:


Approval date:

25 Apr 2006



PSD disclosed:

02 Mar 2006

Project Description

The proposed project will include:

(a) construction of a new international terminal, car park, improvements to the apron, taxiway and runway and acquisition of ground handling equipment at Tbilisi International Airport; and

(b) construction works and modernisation of equipment and systems at Batumi Airport. The construction works are expected to be completed by the end of 2006 at Tblisi International Airport and by the mid-2007 at Batumi Airport.

The new passenger terminal is required to support growing international traffic.

The implementing Agency and the Borrower for the Project is TAV Urban Georgia, a concessionaire and SPV for the construction and operation of Tbilisi International Airport.


Transition Impact

The project will contribute to transition in the following ways:

  • Demonstration effect, which includes success of the concession in the long term; replication in other parts of this region, no government interference; and no major changes to the Concession Agreement.
  • Increased private ownership, given that Tbilisi International Airport will be built and operated by the private sector for the life of the concession.
  • Transfer of know-how, which includes the training of local staff at the airport and the introduction of more commercial practices.

The Client

TAV Urban Georgia, the Borrower, is a Special Purpose Vehicle (‘SPV’) established by the Sponsor to implement the project and represents a legal party to BOT (Build, Operate and Transfer) concession with the Tbilisi International Airport Company.

EBRD Finance

The investment is a senior loan of USD 25.9 million to TAV Urban Georgia.

The project will be co-financed with the International Finance Corporation (‘IFC’) who will provide a senior loan of USD 25.9 million.

Project Cost

The total project cost is USD 77 million.

Environmental Impact

The project was screened B/1. Environmental due diligence, including a site visit by the Bank’s Environmental Specialist confirmed that environmental issues associated with the construction of new airport terminal and modernisation of existing facilities are unlikely to have significant environmental impacts and will bring about safety benefits. An Environmental Impact Assessment (EIA) has been undertaken in accordance with national requirements and an Environmental Management Plan (EMP) is being developed to ensure that the construction and operation of the new international terminal will meet International Civil Aviation Organization (ICAO) standards of safety and environment and applicable Georgian and EU environmental standards.

Technical Cooperation


Company Contact

TAV Urban Georgia
Investment Construction and Operation

Tel: (+995 32) 934052
Fax: (+995 32) 920958
Website: www.tav.com.tr

Serkan KAPTAN, TAV Investments Director, Istanbul Ataturk
International Airport 34149 Yesilkoy, Istanbul – TURKEY

Tel: +90 212 465 55 55 ext. 6033
Fax: +90 212 465 31 00


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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Text of the PIP

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