Gas Storage Expansion Project (WB-P162727)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
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
Active
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
May 22, 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
  • Construction
  • Energy
  • Water and Sanitation
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.
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 @ WB website

Updated in EWS Aug 3, 2018

Disclosed by Bank Mar 1, 2017


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Project Description

According to the World Bank, the aim of this project is to increase the reliability and security of Turkey's gas supply by expanding underground gas storage capacity.

This project provides financing to increase gas storage capacity through the Tuz Golu Gas Storage Expansion Plant. Components include constructing water and brine pipelines from the Hirfanli Reservoir, surface and subsurface facilities, electricity supply, and telecommunications systems. The compliance of construction activities with the Environmental and Social Impact Assessment (ESIA) and Resettlement Action Plans (RAP) will be monitored. 

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

This project is also being co-financed by the Islamic Development Bank.

Private Actors
Contact Information

No contact information available at time of writing.

ACCOUNTABILITY MECHANISM OF WORLD BANK
The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.