Turkey: Golu Gas Storage Expansion (AIIB-000062)

Countries
  • Turkey
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 1, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Boru Hatlari ile Petrol Tasima A.S. (BOTAS)
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 600.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 600.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 2,735.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Jun 29, 2020

Disclosed by Bank Dec 13, 2017


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

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.

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)
  • World Bank (WB)

Co-financing (in million): 

World Bank - USD600

Islamic Development Bank - USD350

Commercial Loans - USD450

BOTAS - USD735

Contact Information

Asian Infrastructure Investment Bank
Hari Bhaskar
Project Team Leader / Senior Investment Operations Specialist
Tel: +86 10 8358 0167
E-Mail: hari.bhaskar@aiib.org

World Bank
Abdulaziz Faghi
Task Team Leader / Senior Energy Specialist
Tel: +1 202 473 2236
E-Mail: afaghi@worldbank.org

Borrower and Implementing Agency (BOTAS)
Mehmet Gazi Dulger
Head of Underground Gas Storage Department, BOTAS
Tel: +90 312 297 2018
E-Mail: mgazi.dulger@botas.gov.tr

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM).  The PPM provides “an opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIB’s failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.” Two or more project-affected people can file a complaint.  Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply.  You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html.

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html.