The European Bank for Reconstruction and Development (EBRD) is still considering a loan for co-financing the planned Trans-Adriatic Pipeline (TAP), but the process has not yet been finalised, Ksenia Manyushis, a principal banker at the EBRD, told delegates at the Central and Eastern European Gas Conference in Zagreb on Thursday.
“The first negotiations kicked off five years ago when TAP representatives approached the bank,” she said. “It only proves both how long such talks can last and how early one must start thinking about financing such an ambitious project.”
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