Azerbaijan: Southern Gas Corridor (EBRD-48376)

Countries
  • Azerbaijan
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
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
Oct 18, 2017
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
Southern Gas Corridor Closed Joint Stock Company
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
  • Infrastructure
  • Technical Cooperation
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)
$ 500.00 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)
$ 8,600.00 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 @ EBRD website

Updated in EWS Feb 16, 2018

Disclosed by Bank Aug 4, 2017


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Project Description

This project finances the construction of the Trans-Anatolian Natural Gas Pipeline, which is a 1,850 km main high pressure gas pipeline. This project is part of the Southern Gas Corridor. The proposed project will be built from the Turkey/Georgia border to the Turkey/Greece border to supply gas to Turkey and Europe.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

Elmir Musayev
elmir.musayev@sgc.az
+994 12 521 3091
Business opportunities

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

EBRD Baku Resident Office, Azerbaijan
90A Nizami Street,
Landmark III, AZ1010,
Baku,
Tel: (+99412) 497 10 14
Fax: (+99412) 497 10 19

EBRD Istanbul Resident Office, Turkey
Buyukdere Caddesi, 185
Kanyon Ofis Binasi, Kat: 2
Levent
34394 Istanbul
Turkey
Email: RO-Istanbul@ebrd.com
Tel: +90 212 386 1100
Fax: +90 212 386 1199

EBRD Ankara Resident Office, Turkey
Eskisehir Yolu, No: 6
Armada Is Merkezi Kat: 4
Sogutozu 06520
Ankara
Email: RO-ankara@ebrd.com
Tel: +90 312 205 59 60 - 63
Fax: +90 312 205 59 70

Mr. Barbaros Hasan TOSUN
Social Impact Manager
E-mail: barbaros.tosun@tanap.com
Office Phone: 0312 999 1059

TANAP Natural Gas Transmission Company
Phone: 0312 999 11 11
Fax: 0312 287 11 10

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.