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Project Insights

Romania receives €50 mln loan from EIB for Tuzla-Podisor link

Transgaz has received a €50 million loan from the EIB for the financing of the Tuzla-Podisor pipeline.
By Staff reporter 18 December 2018 Europe & Russia / Companies & Finance 0 33726

Romania’s state-owned transmission system operator (TSO) Transgaz has received a €50 million ($57 million) loan from the European Investment Bank for the financing of the Tuzla-Podisor link.

The 308-km pipeline will link gas fields in Romania’s Black Sea to Podisor, where it will join the TSO’s gas network and the project officially known as the Bulgaria-Romania-Hungary-Austria (BRUA) pipeline.

This is the first tranche of an already-approved €150 million loan.

The 6 billion cubic metre per year project is estimated to cost €300 million,