Pre-investment Project for the Trans-Caspian-Black Sea Gas Corridor
The project is the European Commission`s contribution to a multi-donor trust fund managed by the World Bank. It provides, technical and financial studies, consultation with local stakeholders` representatives and with stakeholders of other interconnection projects, business development projections, preparation of legal establishment and management scenarios, and dialogue with potential financiers, including major lending institutions.
Actions in brief include:
1. Undertakes technical and financial studies.
2. Produces business development projections.
The project aims to support the selection of routing and technical options, based on the assessment of risks, environmental and social impact, and respective merits of the echnical solutions, taking into account the position of the Partner Countries. It also seeks to help clarify the legal structure and the organisational framework for gas trade.