EU ROUND UP – MAJOR FINANCING INSTITUTIONS START NABUCCO DUE DILIGENCE
September 1st, 2010
BY KEITH NUTHALL
THREE of the world's major public financing institutions have started due diligence on the Nabucco gas pipeline project, work that could release billions of Euros into the troubled project. If they are happy, the European Investment Bank (EIB) could invest Euro EUR2 billion, the European Bank for Reconstruction & Development (EBRD) EUR1.2 billion and the International Finance Corporation (IFC), of the World Bank, EUR800 million. The EUR7.9bn pipeline is designed to bring Caucasus and central Asia gas to Europe. "The Nabucco gas pipeline ...
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