Baku 16° C
EBRD to attract 1.5 billion EUR for TAP project
Finance
- 13 May, 2016
- 08:28
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 13 May. REPORT.AZ/ The European Bank for Reconstruction and Development (EBRD) is considering financing of up to 1.5 billion euros (1 billion pounds) for the Trans-Adriatic gas pipeline in a record loan.
Report informs, Managing Director of Energy Riccardo Puliti to Reuters.
"We are considering up to 500 million euros of our own money for TAP plus we will try to arrange with other banks up to 1 billion euros in a syndicated loan," Riccardo Puliti, managing director of energy at the EBRD said.
Puliti said the loan in total would be the largest the EBRD has ever made. TAP is estimated to cost around 6 billion euros.
Author
Latest News
18:15
Energy infrastructure strengthens Azerbaijan's geoeconomic role, MP says
Energy17:59
Bank deposits in Azerbaijan grow 11.1% year on year
Finance17:28
MP: Ilham Aliyev's YAP speech defined Azerbaijan's strategic goals
Domestic policy17:08
MP: Ilham Aliyev's speech at YAP congress outlines future priorities
Domestic policy16:46
Türkiye, France sign roadmap on defense cooperation
Region16:38
Azerbaijan's broad money supply reaches 55 billion manats
Finance16:16
Rain forecast for Baku and Absheron on October 4
Ecology16:03
Siemens Energy joins Trans-Caspian Green Energy Corridor project
Energy15:50