This will connect the gas transmission systems of South-East Europe and Central and Western Europe.
The transaction is backed by the European fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe known as the “Juncker Plan”.
The project involves the construction of a new 308 km-long transmission pipeline, along with the associated above-ground infrastructure. The new pipeline will be connected to the existing gas transmission system and the new BRUA transmission corridor in Podisor, located at the west of Bucharest.
This is the first tranche of a EUR150 million EIB loan to Transgaz to finance a new pipeline.