White & Case and GKC Partners Advise Lenders on EUR 1.7 Billion Antalya-Alanya Motorway Financing in Turkiye

White & Case and its Turkish affiliate GKC Partners advised a syndicate of lenders on the EUR 1.7 billion financing for the Antalya-Alanya motorway project in Turkiye. The syndicate included Deutsche Bank, Asian Infrastructure Investment Bank, Black Sea Trade and Development Bank, Islamic Development Bank, Islamic Corporation for the Development of the Private Sector, ICBC, Silk Road Fund, Bank of Bahrain and Kuwait, Kuveyt Turk, Akbank, Garanti BBVA, QNB, VakifBank and Ziraat Bank. The transaction comprises a EUR 1.7 billion senior secured, multi‑tranche financing facility for the Antalya-Alanya motorway. The multi‑tranche structure combines conventional and Islamic facilities and is reported to rank among Turkiye's largest sustainability‑linked infrastructure financings to date. The project was awarded in 2024 to Limak Inşaat under a build‑operate‑transfer model and will be implemented by Antalya Alanya Otoyolu Insaat Yatirim. The motorway is expected to reduce travel time from approximately 2.5 hours to around 36 minutes, enhancing regional connectivity and supporting tourism and trade. Completion is targeted within three years. White & Case represented the syndicate of lenders with a team composed by: Istanbul‑based Partner Sebastian Buss, supported by lawyers based in Washington, DC, London, Dubai and Frankfurt. GKC Partners represented the syndicate of lenders with a team composed by: Partners Guniz Gokce, Ates Turnaoglu and Gokce Uluc; Associates Baran Abur, Can Argon, Kaan Alkan, Umut Korkmaz, Segenay Kerimoglu, Efe Soysal, Goktug Yigiter, Deniz Alkan, Tibet Seheri and Irem Gulderen.

White & Case and GKC Partners Advise Lenders on EUR 1.7 Billion Antalya-Alanya Motorway Financing in Turkiye

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