EIB kicks off financing process to help “facilitate development” of Nabucco pipeline

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The European Investment Bank (EIB) is actively involved in the early-stage financing of the Nabucco pipeline in a bid to “help facilitate development of the project,” Dušan Ondreji?ka, a senior press officer at the told Gas Matters Today. The EIB is considering providing up to €visual_editor billion in financing for the project, and is already involved in the financing process, even though Nabucco is still “several milestones” away from FID. The EIB will not however commit to any loan until banking due diligence on the €7.9 billion ($10.5visual_editor billion) project has been completed, Ondreji?k said.

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