Baku, October 3 AZERTAC
The Trans Adriatic Pipeline (TAP) AG finalised the reconstruction of a double lane bridge in the city of Çorovoda, which will improve transport infrastructure as well as access to the main hospital in the city. It will also facilitate access to the Osumi Canyon and other touristic sights in this part of Albania. The inauguration ceremony culminated with the unveiling of a recognition plaque and was attended by the Speaker of the Albanian Parliament Ilir Meta, the Minister of Agriculture Edmond Panariti, the Mayor of Çorovoda Nesim Spahiu and local authorities.
In his speech, Managing Director of TAP, Ian Bradshaw said: “I want to thank Albanian authorities for working hand-in-hand with TAP to identify those strategic projects that will benefit local communities most. Access to the main hospital in the city and tourism – an important source of income locally – will benefit substantially following this upgrade. People visiting this area will have easier access to splendid sights, such as the Osumi Canyon. We will continue to work with local partners to generate sustainable improvements in communities’ quality of life and education.”
The Çorovoda bridge upgrade is part of TAP’s community investment programme in Albania and TAP remains committed to acting as a responsible corporate citizen. Up to this point, TAP is supporting several other initiatives, including the rehabilitation of a number of schools, health centres and sports facilities along the pipeline corridor.
TAP continues to be an active player in Albania, particularly in the regions where the project operates. Investment projects are planned and executed with the participation and in close cooperation with local community representatives.
TAP will transport natural gas from the giant Shah Deniz II field in Azerbaijan to Europe. The 878 km long pipeline will connect with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border at Kipoi, cross Greece and Albania and the Adriatic Sea, before coming ashore in Southern Italy.
TAP’s routing can facilitate gas supply to several South Eastern European countries, including Bulgaria, Albania, Bosnia and Herzegovina, Montenegro, Croatia and others. TAP’s landfall in Italy provides multiple opportunities for further transport of Caspian natural gas to some of the largest European markets such as Germany, France, the UK, Switzerland and Austria.
TAP will promote the economic development and job creation along the pipeline route; it will be a major source of foreign direct investment and it is not dependent on grants or subsidies. With first gas sales to Georgia and Turkey targeted for late 2018, first deliveries to Europe will follow approximately in early 2020.
TAP’s shareholding is comprised of BP (20%), SOCAR (20%), Snam S.p.A. (20%), Fluxys (19%), Enagás (16%) and Axpo (5%).