The Eurasian Development Bank (EDB) and the Turkic Investment Fund (TIF) have committed a combined $120 million to a $670 million syndicated financing package arranged by Bank of America to fund the next phase of modernization at Kazakhstan’s Almaty International Airport (ALA).

Announced in separate press releases on September 28 and 29, 2026, the financing shifts the airport’s development focus toward upgrading its domestic terminal, expanding cargo aircraft capacity, and improving airside infrastructure following the 2024 opening of a new international facility.

Syndicated financing structure

The $670 million club financing package, which matures in 2033, brings together multilateral development banks and commercial lenders to support infrastructure investments in Kazakhstan. The EDB is acting as a senior co-lender with a $100 million contribution, while the TIF is committing up to $20 million to the syndicate.

Other participating financial institutions include Merrill Lynch International, Société Générale, and several local Kazakhstan banks.

“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,” said Nikolai Podguzov, Chairman of the Management Board of the Eurasian Development Bank. “The broader group of participating lenders underscores confidence in Kazakhstan’s infrastructure assets and creates additional opportunities to attract international capital to major projects in the country.”

Shifting focus to domestic and cargo operations

The new capital injection will fund the next phase of the airport’s capital investment program. With the new international terminal now operational, airport operator TAV Airports is redirecting resources to modernize the existing domestic terminal.

The financing will also cover significant airside infrastructure improvements. Planned upgrades include the construction of new aircraft de-icing facilities and a major expansion of the airport’s cargo terminal to support growing freight volumes.

Almaty Airport’s capacity and regional role

Almaty International Airport ranks as the largest aviation hub in Central Asia and handles approximately two-thirds of Kazakhstan’s air cargo. The facility serves as the home base for national carrier Air Astana and occupies a strategic position on the Trans-Caspian International Transport Route, also known as the Middle Corridor, linking China and Europe.

In 2021, a consortium of international financial institutions including the EDB, DEG, the European Bank for Reconstruction and Development (EBRD), and the International Finance Corporation (IFC) financed the airport’s initial expansion. That project culminated in the June 2024 commissioning of a new international terminal, which increased the airport’s annual design capacity from 3 million to 14 million passengers.

The facility is already approaching those new limits. Passenger traffic at Almaty reached 12 million in 2025, with the airport serving more than 32,000 passengers per day. The airport is operated by Türkiye-based TAV Airports, which manages 15 airports across eight countries. TAV’s majority shareholder is France-based Groupe ADP, the operator of the three main airports in Paris.

AirPro News analysis

The rapid approach to the 14 million passenger capacity limit just one year after the new international terminal opened underscores the urgency of this second phase of investment. By securing long-term capital through 2033, TAV Airports and its partners are positioning Almaty to capture growing East-West transit traffic along the Middle Corridor. We view the specific focus on cargo expansion and de-icing facilities as critical steps to eliminate operational bottlenecks that were sidelined during the international terminal construction, ensuring the hub can sustain its rapid growth trajectory.

Miami International Airport (MIA) has successfully completed third-party verification of its 2025 greenhouse gas emissions, demonstrating a measurable reduction in carbon intensity per passenger and advancing the facility toward Level 2 Certification under the Airport Carbon Accreditation program.

The verification, announced by the Miami-Dade Aviation Department (MDAD) on July 1, 2026, confirms that the airport reduced its total Scope 1 and Scope 2 emissions from a 2023 baseline while simultaneously managing record traffic volumes. Upon receiving final certification from Airports Council International (ACI), the facility will become the 16th airport in the United States and the second in Florida to achieve Level 2 status.

Tracking carbon intensity against passenger growth

The third-party verification process documented absolute reductions in the airport’s operational carbon footprint. Total Scope 1 and Scope 2 emissions fell to 98,275 metric tons of carbon dioxide equivalent (CO2e) in 2025, down from the 2023 base year total of 102,789 metric tons.

Carbon intensity efficiency per passenger also improved during the two-year period, dropping from 2.03 kilograms of CO2e in 2023 to 1.78 kilograms of CO2e in 2025. This efficiency gain occurred during a period of significant growth, as the airport handled 55.3 million passengers in 2025.

The Miami-Dade Aviation Department has established a phased timeline for further emissions reductions. The airport targets a 20 percent reduction in total Scope 1 and 2 emissions by 2035, relative to the 2023 baseline. Subsequent targets include a 35 percent reduction in total emissions by 2045 and a 50 percent reduction by 2055.

Infrastructure investments driving efficiency

Miami International Airport is operated by the Miami-Dade Aviation Department and is the property of Miami-Dade County. As one of the largest energy consumers in the county, the airport generates monthly electricity costs exceeding $2 million.

To address this consumption, the airport has executed substantial infrastructure upgrades over the past several years. In November 2020, the facility completed Phase II of its Sustainability Project. The $45 million investment encompassed energy-efficient lighting, water conservation measures, and heating, ventilation, and air conditioning (HVAC) upgrades. These improvements generate an estimated $3.2 million in annual utility savings.

Earlier that same year, in January 2020, the airport partnered with Florida Power & Light Company to launch a half-acre, 402-panel floating solar installation in the adjacent Blue Lagoon. The array, which was the first of its kind at an airport, generates 160 kilowatts of power.

The Airport Carbon Accreditation framework

The Airport Carbon Accreditation program, administered by Airports Council International, serves as the primary global carbon management certification standard for airports. The framework requires independent assessment of an airport’s efforts to measure, manage, and reduce carbon emissions through a multi-level certification structure.

Miami International Airport previously earned Level 1 (Mapping) accreditation on July 30, 2024. That initial certification required the airport to map its carbon footprint and commit to a 50 percent reduction in greenhouse gas emissions by 2030, aligning with the broader Miami-Dade County Climate Action Strategy.

The emissions reductions come amid record economic output for the facility. On June 2, 2026, the airport reported that its economic impact reached $212 billion in 2025. In addition to its 55.3 million passengers, the airport processed nearly 3.5 million tons of Cargo aircraft, maintaining its position as the busiest cargo airport in the United States and the eighth-busiest passenger gateway in the nation.

Austin-Bergstrom International Airport (AUS) broke ground on September 29, 2026, on Concourse M, a new six-gate reliever facility designed to preserve operational capacity during the airport’s multi-billion dollar expansion program.

In a press release issued by the City of Austin, officials confirmed the approximately 37,000-square-foot terminal and an accompanying Maintenance Ramp Expansion will allow the airport to maintain passenger flow and narrow-body aircraft operations while major construction advances on the future 26-gate Concourse B and the remodeling of Concourse A.

Preserving capacity during major construction

Concourse M will operate as a standalone facility on the west side of the AUS airfield, physically separate from the main Barbara Jordan Terminal. Passengers will access the new concourse via a shuttle bus operating from Gate 13, which is currently the airport’s only ground-level gate. The facility will feature four contact gates and two walk-out gates specifically configured for narrow-body aircraft.

The Austin City Council previously authorized a food service and retail concession lease agreement for the facility with Star Concessions on March 26, 2026. The concourse will include a coffee market with 24-hour vending, restrooms, a nursing room, public WiFi, and a pet relief area.

“Concourse M is a critical component of the Journey With AUS expansion program, allowing us to advance major construction while continuing to serve millions of passengers each year,” Ghizlane Badawi, Chief Executive Officer of Austin-Bergstrom International Airport, stated in the release.

The design joint venture of Stantec and Fentress Architects, alongside planning firm RS&H, developed the facilities. Hensel Phelps serves as the prime contractor for Concourse M.

Maintenance ramp and airfield upgrades

Alongside the passenger terminal, the September 29, 2026, groundbreaking included the Maintenance Ramp Expansion project, managed by construction firm Austin Bridge & Road. This airfield upgrade will add six new aircraft parking positions, comprising four equipped with jet bridges and two designated for ground-loading.

The expanded ramp is designed to accommodate up to 18 diverted aircraft, providing critical operational flexibility during irregular operations or severe weather events. The Federal Aviation Administration (FAA) allocated $9 million in funding specifically for the ramp expansion component.

The Journey With AUS expansion program

The new infrastructure arrives as Austin experiences unprecedented passenger demand. In June and July 2026, the airport recorded its busiest and second-busiest months in history, processing over 2.1 million passengers each month. International traffic is also expanding, highlighted by Delta Air Lines (DL) announcing its first-ever transatlantic service from Austin to Paris (CDG) in August 2026.

Austin Mayor Kirk Watson noted that the infrastructure planning is essential to sustaining the region’s economic vitality. “Concourse M will allow AUS to maintain reliable operations while multiple construction projects through the Journey With AUS expansion program advance across the airport, preserving gate capacity and keeping passengers, airlines, and commerce moving,” Watson said.

The broader expansion program is funded through a combination of airport revenues, cash reserves, federal grants, and future airport revenue bond proceeds. Officials noted that no local taxpayer dollars are being used for the projects.

The Maintenance Ramp Expansion is slated for completion in 2027, followed by the targeted opening of Concourse M in 2028.