TRANS ADRIATIC PIPELINE: €3.9 BLN
EBRD - The Trans Adriatic Pipeline (TAP) is announcing financial close today, with €3.9 billion secured from public and private lenders.
The EBRD is part of this consortium with a €1 billion loan syndicated to a group of 16 commercial banks with €500 million being provided on the Bank's own account.
TAP is a priority project of the European Union (EU) and the Energy Community, an international organisation which brings together the EU and its neighbours to create an integrated…
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