Head of TANAP calls total investment in the project

Expenses for the construction of the Trans-Anatolian gas pipeline (TANAP) have now exceeded $ 5.6 billion, Saltuk Duzyol, the Director General of the TANAP Consortium, told Azerbaijani journalists in Eskisehir on April 17.

“The total cost of the project is estimated at $ 7.99 billion, of which more than $ 5.6 billion has been spent so far. At the same time, the savings in the project amounted to 32% of the initial cost of the project, estimated initially at $ 11.8 billion,” he said.

Dyuzyol also said that $ 3.75 billion of the total cost of the project is provided through loans from the Asian Development Bank, MIGA, the European Bank for Reconstruction and Development, the European Investment Bank and the Asian Bank for Infrastructure Projects (AIIB).