Companies & Finance

EBRD talks to fund TAP still ongoing

Representatives of the Trans-Adriatic Pipeline approached the EBRD for funding five years ago, but the two are still working to reach an agreement Representatives of the Trans-Adriatic Pipeline approached the EBRD for funding five years ago, but the two are still working to reach an agreement.
By Dariusz Kalan 17 February 2017 0 24035
Pipe stringing for the Trans-Adriatic Pipeline in Greece, September 2016. (TAP)

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...