Ankara, Türkiye, June 27, 2018

AIIB Approves First Loan in Türkiye; USD600M Investment to Improve Gas Supply

The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) has approved a USD600-million loan to increase the reliability and security of Türkiye’s gas supply. The project, cofinanced with the World Bank, is AIIB’s first project to be financed in Türkiye.

The project will raise the capacity of the Tuz Golu underground gas storage facility by 4.2 billion cubic meters (bcm) per year—from 1.2 bcm to 5.4 bcm—and will help improve Türkiye’s energy security and reduce the carbon intensity of the power supply.

"The development of gas storage capacity is an integral component of Türkiye’s energy strategy," said AIIB Vice President and Chief Investment Officer D.J. Pandian. "Our investment in this project will bring great benefits to gas consumers across Türkiye and will help AIIB establish long-term cooperation with the government and other important entities in the country."

The project consists of three components:

  • Tuz Golu Gas Storage Expansion Facilities—Consisting of surface and subsurface facilities; water and brine pipelines; electricity supply; instrument, control and telecommunication systems and contractor services.
  • Supervision Consultancy—Consisting of review of engineering drawings, supervision of construction, installation of facilities and development and implementation of overall project quality assurance and quality control program.
  • ESIA and RAP Monitoring Consultancy—Consisting of regular monitoring of construction activity compliance with the Environmental and Social Impact Assessment and the Resettlement Action Plans.

"This project improves gas supply reliability which is vital to Türkiye’s economy, as the country depends heavily on gas imports," said AIIB Director General of Investment Operations Yee Ean Pang. ”The project promotes energy security and reduces the carbon intensity of energy supply which are key components of AIIB’s energy strategy."

Additional information and the project’s Environmental and Social Management Plan can be found at

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond. Headquartered in Beijing, we commenced operations in January 2016 and have now grown to 87 approved members from around the world. By investing in sustainable infrastructure and other productive sectors today, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.

Logos for Download

Our logo is available in JPEG and PDF format.


Media Contact

Lingxiao He

Press Officer

+86 10 8358 0683


More News Articles

Beijing, May 30, 2023

AIIB Supports Multilateral Transport Initiative for Improved Transport Data

The Asian Infrastructure Investment Bank (AIIB) is engaging with the Asian Transport Outlook (ATO) initiative to strengthen the knowledge base on transport in the Asia-Pacific region.


Beijing, May 19, 2023

AIIB Appoints a New External Member of its Audit and Risk Committee

The Asian Infrastructure Investment Bank (AIIB) has appointed Teresa Lin as external member of the Audit and Risk Committee (ARC) of the Board of Directors. Lin’s term follows the end of the three-year term of Ai Phing Cheng in April 2023. Elisabeth Stheeman continues to serve as external member to the ARC.


Beijing, May 11, 2023

AIIB Issues First Climate Adaptation Bond Targeting Resilient Infrastructure

The Asian Infrastructure Investment Bank (AIIB) has successfully priced its first Climate Adaptation Bond, a thematic bond issued under the AIIB Sustainable Development Bond Framework. The 5-year bond raised AUD500 million, and the proceeds will be allocated to projects that have an estimated climate adaptation finance portion of 20 percent or greater of the total project financing.


Beijing/London, April 27, 2023

Research Shows How AIIB-Amundi Climate Change Investment Framework Can Guide Investors

The Asian Infrastructure Investment Bank (AIIB), Amundi and Climate Bonds Initiative (CBI) announce the publication of the Companies and Climate Change report, developed by Fitch Solutions, the Carbon Trust, and CBI. This report presents the first research application of the AIIB-Amundi Climate Change Investment Framework (CCIF).


Home Media Center AIIB News AIIB Approves First Loan in Türkiye; USD600M Investment to Improve Gas Supply