It is expected that an additional $1.12 billion will be allocated by the European Investment Bank (EIB).
The long-term loans will be possibly provided under the state guarantee.
Saltuk Duzyol, head of TANAP consortium, said earlier that over one-third of the TANAP was built in Turkey.
He said that the welding work was completed on a TANAP`s 440-kilometer-section.
Duzyol said that the relevant contracts were signed for the construction of TANAP`s offshore section, to be laid through the bottom of the Dardanelles Strait.
TANAP project envisages transportation of gas of Azerbaijan`s Shah Deniz field from Georgian-Turkish border to the western borders of Turkey.
Turkey will get gas in 2018 and after completing the construction of Trans-Adriatic Pipeline (TAP), it will be delivered to Europe in early 2020.
Currently, the shareholders of TANAP are: the State Oil Company of Azerbaijan (SOCAR) - 58 percent, Botas - 30 percent and BP - 12 percent.
WB reveals date for TANAP loan approval
28 April 2016
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The Board of Directors of the World Bank (WB) will on July 7 approve allocation of a $1 billion loan for Turkey to finance the Trans-Anatolian Natural Gas Pipeline (TANAP) construction project, according to a message posted on the WB website.
