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Transgaz secures €50M financing from EIB

30 October 17 - RE+D Magazine
Transgaz secures €50M financing from EIB

COMPANIES

Solum Property Solutions

Consultant - GREECE

IBI Group

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

Savills

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
The European Investment Bank (EIB) has granted a €50 million loan to the Romanian gas transporter Transgaz to build a new pipeline in Romania, according to a press release the European Commission representation in the country.

 

It is part of the gas infrastructure linking Bulgaria to Austria, passing through Romania and Hungary, also known as the BRUA pipeline.

The investment will generate thousands of jobs in the region, EC vice president Valdis Dombrovskis said.

The plan is expected to mobilize €240.9 billion in funds across Europe and nearly €1 billion in Romania, according to October data cited by Romania-insider.com.

About 21% of these investments are carried out in the energy sector.

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