Innovation and Networks Executive Agency

CEF Energy: Grant Agreement for the construction of a gas transmission pipeline in Romania signed today

Creation date: September 9, 2016

The Grant Agreement has been signed by INEA Director and representatives of Romanian beneficiary TRANSGAZ in presence of Vice-President Maroš Šefčovič and Commissioner for Climate Action and Energy Mr Miguel Arias Cañete, as well as other authorities.

 

The Action will enable the development on Romanian territory of the National Gas Transmission System. It contributes to the implementation of PCI 7.1.5 which consists in a new onshore pipeline from Bulgaria to Austria, via Romania and Hungary. It amounts to a total maximum financial assistance of €179,320,400.

 

The signing event has taken place in the framework of a meeting of the High Level Group on the Central and South Eastern Europe Gas Connectivity (CESEC) in Budapest.