The head of TANAP consortium Saltuk Duzyol said that Trans-Anatolian (TANAP) gas pipeline project has already secured considerable financing from the European Bank for Reconstruction and Development (EBRD), the World Bank and Asian Infrastructure and Investment Bank (AIIB) with 2.5 billion dollars in loans, is now waiting approval from the European Investment Bank (EIB) for a 1.3 billion dollars loan.
Duzyol explained that the consortium is waiting for the European Investment Bank’s approval of another 1.3 billion dollars financing package, which will be used by state-owned pipeline operator BOTAS, adding that the EBRD’s approval of a 500 million dollars financing package for the TANAP will contribute to the completion of the ongoing negotiation process between the EIB and project partners in a shorter period of time than expected.
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Tags: AIIB, construction, EBRD, EIB, financing, gas, gas pipeline, TANAP, Turkey