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EIB ready to finance Bulgaria`s part in Nabucco24.01.2011

The European Investment Bank (EIB) is willing to extend a EUR 2 billion banking guarantee to finance Bulgaria`s part in the Nabucco gas pipeline project, the country`s prime minister Boiko Borisov said after a meeting with the bank`s president Philippe Maystadt. "To our colleagues from the Blue Coalition I could say that to date we have secured 100% of the funding for the Nabucco project. The moment they tell us to give the money we are ready to transfer it immediately," Borisov said. One of the conditions set by the centre-right Blue Coalition for pledging its support to the GERB-led government is giving priority to Nabucco over Russia`s South Stream project. The Nabucco gas pipeline is a European project developed as an alternative to Russian gas supplies to Europe.

Source: Dnevnik

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