Pim Van Ballekom, vice president of the European Investment Bank (EIB), has stated that the EIB will allocate €1 billion to finance the construction of the Trans-Anatolian Pipeline (TANAP) Project, which is expected to cost over €8 billion in total, as reported by Turkish media.

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Construction of TANAP began in 2014 with the aim of transferring gas from Azerbaijan to Europe via Turkey, while the project is expected to use a total of 1,8million mt of steel pipes. 400.000mt of steel pipes will be supplied by Tosçelik, 350.000 mt will be supplied by the Noksel-Borusan-Erciyas consortium and 230.000 mt of pipes will be supplied by the Turkish Umran-Emek consortium.

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https://www.steelorbis.com/steel-news/latest-news/european-investment-bank-to-allocate-1-billion-for-tanap-918194.htm

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