Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Azerbaijan
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Multilateral Investment Guarantee Agency (MIGA)
Status: Proposed
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.
Borrower or Client: State-Owned Enterprise Southern Gas Corridor CSJC
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Energy
Investment Type(s): Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 950.00 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): $ 950.00 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 @ MIGA website
Updated in EWS: 2017-08-08
Disclosure Date: 2016-10-14
Trans-Anatolian Pipeline
MIGA-3519

Project Description
This project finances Azerbaijan's State-Owned Enterprise Southern Gas Corridor CSJC in its share of the construction and operation of the Trans-Anatolian Natural Gas Pipeline in Turkey. This pipeline aims to transport natural gas from the Shah Deniz Gas Field to Turkey and Europe.
Investment Description
This project provides a MIGA guarantee of exposure up to US$950 million for a non-shareholder loan from lenders yet to be identified. The MIGA guarantee protects the loan for a period of up to 15 years against the risk of non-honoring of a sovereign financial obligation.
Contact Information
*No contacts available* ACCOUNTABILITY MECHANISM OF MIGA The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/
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Bank Documents