This project finances expansions to Turkey's gas storage capacity through the Tuz Golu Gas Storage Expansion Facilities. This includes surface and subsurface facilities, water and brine pipelines, and gas and electricity transmission lines. The project also finances the creation of an Environmental and Social Impact Assessment and Resettlement Action Plans.
In addition to the proposed AIIB funding, the World Bank is considering providing a loan of US $600 million.
Asian Infrastructure Investment Bank
Project Team Leader / Senior Investment Operations Specialist
Tel: +86 10 8358 0167
Task Team Leader / Senior Energy Specialist
Tel: +1 202 473 2236
Borrower and Implementing Agency (BOTAS)
Mehmet Gazi Dulger
Head of Underground Gas Storage Department, BOTAS
Tel: +90 312 297 2018
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.