Azerbaijan: Trans Anatolian Natural Gas Pipeline Project (TANAP) (AIIB-000011)

Countries
  • Azerbaijan
  • Turkey
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
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
Mar 1, 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 Joint Stock Company (SGC)
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
  • Infrastructure
  • Transport
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.
Currency conversion note:
Bank reported
Converted using 2017-03-01 exchange rate.
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)
$ 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.
Currency conversion note:
Bank reported
Converted using 2017-03-01 exchange rate.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Jun 29, 2020

Disclosed by Bank Nov 15, 2016


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Project Description

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.

Investment Description

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.


Contact Information

AIIB:
Project Team Leader: Hari Bhaskar
Project Team Leader/Senior Investment Operations Specialist Tel: +86 10 8358 0167
Email: hari.bhaskar@aiib.org

World Bank:
Task Team Leader: Kari J Nyman
Task Team Leader
Tel: +1 (202) 458 1469
Email: knyman@worldbank.org

Borrower:
Afgan Isayev
General Manager
Southern Corridor Joint Stock Company (SGC) Tel: +994 12 521 30 92
Fax: +994 12 521 18 75
Email: afgan.isayev@sgc.az

Implementing Agency:
Yilmaz Ozturk
Accounting Manager
TANAP Natural Gas Transmission Company (TANAP) Tel: +90 312 999 1132
Fax: +90 312 999 11 12
Email: Yilmaz.ozturk@tanap.com

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.