The management of the World Bank approved a loan of 400 million USD to Turkey and Azerbaijan, or a total of 800 million USD for the construction of gas pipeline TANAP (Trans Anadolian Pipeline), which is connected to the Balkan route by the pipeline TAP, which is a joint project of Albania, Montenegro, Croatia and BiH.
Deputy Head of the World Bank for Europe and Central Asia, Cyril Muller, expressed his satisfaction with the fact that this financial institution will take part in the realization of this important project.
“TANAP pipeline is not only important for Turkey and Azerbaijan, but it will also contribute to the economic development of the entire region. At the same time, it will allow the development of trade. This is another major step towards strengthening of energy security of Turkey and the entire Europe,” said Muller.
The Director General of the project TANAP, Saltuk Duzyol, stated last week that this is a mega project with a total value of 8.5 billion USD.
The pipeline is 1,850 kilometers long, and it is expected for gas delivery to Turkey to start in June 2018, and two years later to Europe.
TANAP pipeline is vital for BiH, which participated with other countries in the region in the implementation of the energy project, TAP (Trans Adriatic Pipeline). TAP leans to the gas corridor TANAP (Trans Anadolian Pipeline), which would deliver gas from Azerbaijan to Turkey and from there via Greece and Albania across the bottom of the Adriatic Sea to Italy and Western Europe.
One branch of this pipeline in Albania would separate to the Balkans – from Albania through Montenegro and Croatia to BiH. It is important to emphasize that the coupling point of Croatia and BiH will be in Ploce, which is raising the possibility that this pipeline distributes gas from the LNG terminal that Croatia intends to build in Ploce.
Slobodna Bosna previously announced that the European Bank for Reconstruction and Development (EBRD) is considering crediting of Trans Adriatic Pipeline (TAP) with the loan of 1.5 billion EUR.