TAP to be key driver for Albania’s growth in near future
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By Trend
Trans Adriatic Pipeline (TAP) will be Albania’s key driver of growth for the next couple of years, Albanian media reported citing the European Bank for Reconstruction and Development (EBRD).
“We expect growth to remain mainly investment-driven as TAP construction enters its full extent in
2016-2017 with a total investment of about 1.5 percent of GDP per year in each of
these two years,” EBRD said in its Regional Economic Prospects report.
TAP project envisages transportation of gas from the Stage 2 of
development of Azerbaijan's Shah Deniz gas and condensate field to
the EU countries.
The 870-kilometer pipeline will be connected to the Trans Anatolian
Pipeline (TANAP) on the Turkish-Greek border, run through Greece,
Albania and the Adriatic Sea, before coming ashore in Italy's
south.
TAP’s route through Albania will be approximately 215 kilometers
onshore and 37 km offshore in the Albanian section of the Adriatic
Sea.
It starts at Bilisht Qender in the Korca region at the Albanian border with Greece, and arrives at the Adriatic coast 17 km north-west of Fier, 400 meters inland from the shoreline.
The construction of TAP has started in Albania on Sept.30.
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