TAP consortium close to acquiring 23 expanses needed for pipeline

The TAP (Trans-Adriatic Pipeline) consortium expects to have acquired all required permits by the end of year, allowing for the project’s construction to commence, while procedures for the consortium’s purchase of twenty-three expanses needed in northern Greece to develop the pipeline are in progress.

Company sources told energypress the TAP consortium’s preliminary work is now on the final stretch before construction work begins in 2016, the objective being to complete work in three-and-a-half years and launch the pipeline in 2020.

At this stage, the consortium is preparing its first stage of expropriation payments ahead of the project’s development. The plan also entails leasing land for temporary use during construction work before being returned to owners in its original state.

Farmland will not be affected and owners will be able to continue cultivating once their land is returned, the consortium has promised. Farming revenues will be taken into account to determine leasing amounts. The leasing periods are expected to run for periods of approximately two years.

Contracts are currently being drafted for the TAP consortium’s purchase of the twenty-three needed expanses. The pipeline’s stretch across northern Greece will cover a 550-kilometer distance.