EIB talks on tranches for Greece – North Macedonia gas interconnector

Oil&Gas Materials 2 March 2022 13:23 (UTC +04:00)
EIB talks on tranches for Greece – North Macedonia gas interconnector

BAKU, Azerbaijan, March 2

By Leman Zeynalova – Trend:

The number of tranches to be allocated for the Greece-North Macedonia gas interconnector project will depend on the progress of works, the European Investment Bank (EIB) told Trend.

“The Bank supports the said project with two separate investment loans, a EUR 25M facility supporting the construction and related works of the gas pipeline in Greece and a EUR 28.9M facility supporting similar activities in North Macedonia. It is noted that the EIB facility for the project in North Macedonia complements a EUR 12.4M grant from Western Balkans Investment Framework (WBIF) for technical assistance and project implementation.

In relation to the number of tranches and the amounts to be allocated/disbursed for the said project, we note that this will depend on the progress of works, the tender of which has not started yet, and on the future needs of the Promoters,” said EIB.

At the last Ministerial Meeting of the Energy Community, the gas interconnection between North Macedonia and Greece was selected as a Project of Common Interest for 2020.

“It aims at gas connection of the country with Greece and the Southern Gas Corridor in order to supply the country with natural gas from diversified sources of supply and, inter alia, from the gas fields in Azerbaijan. During 2022, the tender documentation for Construction, Construction Supervision, Inspection Body and Management will be prepared in accordance with the EIB rules. It is planned that the contractors of the construction will be selected by the end of 2022,” North Macedonia’s Minister of Economy Kreshnik Bekteshi earlier said in an exclusive interview with Trend.


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