EBRD awarded 60 million euros to Transgaz for BRHA project – Romania, 23 February 2018

The European Bank for Reconstruction and Development (EBRD) will provide 60 million euros loan for the construction of a new gas pipeline between Romania, Bulgaria, Hungary and Austria (so-called BRHA gas pipeline), as a way to boost the development of regional European energy markets. The funds will be awarded to Romanian natural gas transmission system operator Transgaz, which is in charge of the construction of Romanian section of the pipeline.
EBRD Regional Director for Romania and Bulgaria Matteo Patrone said that this project is perfectly in line with EBRD’s strategic objectives in Romania, as the Bank believes that further opportunities to support the development of strategic infrastructure in the country will materialize both in the energy and transport sectors. The project will also ensure a greater integration of European gas markets and increase the security of supply. Promoting the diversification of the routes and sources of supply, the pipeline will also support the development of local economies and competition on regional energy markets to the benefit of consumers.

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