EBRD considers EUR 30mn senior loan to gas distributor Citygas Bulgaria.

By bne IntelliNews January 19, 2010
The EBRD is considering providing a senior loan of up to EUR 30mn to Citygas Bulgaria , which holds a concession to develop and operate the gas distribution network in the southern region of Trakia, according to a note on the website of the Bank. The project, worth a total of up to EUR 125mn, considers the construction and operation of a 1,700km of gas distribution pipelines and associated infrastructure that will provide a gas connection to over 1,000 industrial clients, 1,500 commercial clients and 96,000 domestic users. Some 20km of the pipeline crosses NATURA 2000 sites and the environment ministry has issued an opinion that the construction will not have significant impacts. Italy s Gruppo Societa Gas Rimini Spa controls 90.22% of Citygas.

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335