Transgaz to take two more investment loans from EIB

The energy transport state owned company Transgaz has signed two investment loans with European Investment Bank. The total value of the two loans is EUR 138 million.IN 2018, Transgaz signed another loan with EIB, of EUR 50 million.

One of the loans, worth EUR 100 million is part of a EUR 150 million financing for a new 308.2 km long gas pipeline that will connect resources  from the Black See with the national infrastructure and with the BRUA pipeline.

The second loan, of EUR 38 million, will go to modernising Transgaz’s subsidiary in Moldavia in order for Vestmoldtransgaz SRL to continue construction on Ungheni – Chișinău pipeline.