LOANS & CREDITS

Trans-Anatolian Natural Gas Pipeline Project (TANAP)

December 20, 2016

WASHINGTON, December 20, 2016 - The World Bank’s Board of Executive Directors today approved the following project:

Trans-Anatolian Natural Gas Pipeline Project (TANAP)

IBRD Loan: US $400 million to the Southern Gas Corridor (SGC) Closed Joint Stock Company with the guarantee of the Republic of Azerbaijan

Terms: Maturity = 30 years, Grace = 5 years

IBRD Loan: US $400 million to the Boru Hatları İle Petrol Taşıma Anonim Şirketi (BOTAŞ) with the guarantee of the Republic of Turkey

Terms: Maturity = 24 years, Grace = 5 years

Project ID: P157416

Project Description: The project objective is to diversify Azerbaijan’s gas export markets and improve the security of the energy supply in Turkey and South Eastern Europe.

 

For more information, please visit here:

http://www.worldbank.org/projects/P157416?lang=en

 

Media Contacts
In Washington
Elena Karaban
Tel : +1 (202) 473-9277
ekaraban@worldbank.org

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