Director of the European Bank for Reconstruction and Development (EBRD) for Caucasus region, Bruno Balvanera said that the Bank will allocate loans worth up to 11.2 billion euros for the Trans-Adriatic (TAP) gas pipeline in 2018.
Balvanera said that the expected amount will be in the range of up to 500 million euros in a direct loans and up to 700 million euros in a syndicated loans, subject to final internal approvals. It is expected that these loans will be approved in mid-2018.
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