WB to decide on TANAP financing

WB to decide on TANAP financing

The World Bank (WB) will make a decision regarding financing of the construction of the Azerbaijani part of the Trans Anatolian Natural Gas Pipeline (TANAP) project until late November 2016, the WB Baku office said, AzerNews reported citing Trend.

The source said that the WB is expected to allocate a loan worth $400 million to the Southern Gas Corridor CJSC.

The WB is in negotiations simultaneously with Turkey's Botas Petroleum Pipeline Corporation and Southern Gas Corridor CJSC for financing TANAP.

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