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Trans Adriatic Pipeline (TAP) completes €3.9bn project financing

Sector: Road • Location: Europe

Source: Highways Today

Project
Ongoing

The Trans Adriatic Pipeline (TAP) has announced financial close with €3.9 billion secured from public and private lenders. The pipeline will start at the Greek/Turkish border, cross Albania, pass under the Adriatic Sea, and terminate in southern Italy. It is the final segment of the Southern Gas Corridor, aiming to transport gas from the Caspian Sea to Europe. The pipeline will have an initial ann

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The project “Trans Adriatic Pipeline (TAP) completes €3.9bn project financing” is an infrastructure initiative in the Road sector, located in Europe. Taiyo aggregates data on it from Highways Today.

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Description

Description

The Trans Adriatic Pipeline (TAP) has announced financial close with €3.9 billion secured from public and private lenders. The pipeline will start at the Greek/Turkish border, cross Albania, pass under the Adriatic Sea, and terminate in southern Italy. It is the final segment of the Southern Gas Corridor, aiming to transport gas from the Caspian Sea to Europe. The pipeline will have an initial annual capacity of 10 billion cubic meters, contributing to the diversification of Europe's energy supply and reducing CO² emissions.

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High

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100%

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