This project finances the Trans-Anatolian Natural Gas Pipeline, part of the larger internationally-sponsored Southern Gas Corridor Program. This project involves a large scale natural gas pipeline that will transport natural gas from the Shah Deniz 2 field in the Caspain Sea in Azerbaijan through Turkey and eventually to Europe.
The World Bank is also investing $800 million, and other international finance institutions (including the European Bank for Reconstruction and Development and the European Investment Bank) are investing another $2.1 billion.
Project Team Leader: Hari Bhaskar
Project Team Leader/Senior Investment Operations Specialist Tel: +86 10 8358 0167
Task Team Leader: Kari J Nyman
Task Team Leader
Tel: +1 (202) 458 1469
Southern Corridor Joint Stock Company (SGC) Tel: +994 12 521 30 92
Fax: +994 12 521 18 75
TANAP Natural Gas Transmission Company (TANAP) Tel: +90 312 999 1132
Fax: +90 312 999 11 12
ACCOUNTABILITY MECHANISM OF AIIB
In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB’s policies, “people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank’s oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism.” However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.