Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Turkey
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Asian Infrastructure Investment Bank (AIIB)
  • World Bank (WB)
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.
Board Decision Date: 2018-06-01
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 or Client: Boru Hatlari ile Petrol Tasima A.S. (BOTAS)
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Construction
  • Energy
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): $ 2,500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ AIIB website
Updated in EWS: 2018-01-03
Disclosure Date: 2017-12-13
Turkey: Golu Gas Storage Expansion
AIIB-000062

Project Description
This project finances expansions to Turkey's gas storage capacity through the Tuz Golu Gas Storage Expansion Facilities. This includes surface and subsurface facilities, water and brine pipelines, and gas and electricity transmission lines. The project also finances the creation of an Environmental and Social Impact Assessment and Resettlement Action Plans.
Investment Description
In addition to the proposed AIIB funding, the World Bank is considering providing a loan of US $600 million.
Private Actors
Contact Information
Asian Infrastructure Investment Bank Hari Bhaskar Project Team Leader / Senior Investment Operations Specialist Tel: +86 10 8358 0167 E-Mail: hari.bhaskar@aiib.org World Bank Abdulaziz Faghi Task Team Leader / Senior Energy Specialist Tel: +1 202 473 2236 E-Mail: afaghi@worldbank.org Borrower and Implementing Agency (BOTAS) Mehmet Gazi Dulger Head of Underground Gas Storage Department, BOTAS Tel: +90 312 297 2018 E-Mail: mgazi.dulger@botas.gov.tr ACCOUNTABILITY MECHANISM OF AIIB In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.
Bank Documents
Campaign Documents