AIIB allocates $600M loan for TANAP

AIIB allocates $600M loan for TANAP
# 22 December 2016 05:01 (UTC +04:00)

Asian Infrastructure Investment Bank (AIIB) has approved allocation of a loan worth $600 million for the Trans-Anatolian Natural Gas Pipeline (TANAP) project, APA-Economics reports.

The vice-president of the bank D.Pandian said employee renewal energy yinfrastruktury between Asia and Europe TANAP project, along with the strengthening of the economy of Azerbaijan will ensure energy security of Europe, and Turkey as well.


It should be noted that The AIIB announced that the loan will be allocated for the Southern Gas Corridor CJSC.

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THE OPERATION IS BEING PERFORMED