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World Bank allocates $800m for TANAP

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World Bank allocates $800m for TANAP

The World Bank (WB) Board of Directors has adopted a decision to allocate 800 mln USD loan for the Trans-Anatolian Pipeline (TANAP) project.

Axar.az reports citing to Report news agency that, 400 mln USD of the loan was got by the "Southern Gas Corridor" CJSC (SGC) with a guarantee of the Azerbaijani Government, 400 mln USD by Turkish BOTAŞ with a guarantee of the country's government.

WB Vice President Cyril Muller said that the bank is pleased to allocate loan for the SGC.

Date
2016.12.21 / 11:24
Author
Axar.az
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