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BUCHAREST (Romania), August 2 (SeeNews) - Romania's Transgaz has opened a tender for the construction of the Black Sea Shore - Podisor gas transmission pipeline, with an estimated cost of 287 to 330 million euro ($319 - 366 million), the European Bank for Reconstruction and Development (EBRD) said on Friday.
Transgaz has applied for a loan from the EBRD in order to finance the construction of the pipeline, EBRD said in a statement.
The Tuzla-Podisor pipeline is part of a larger project aimed at developing transmission capacities that would allow to deliver natural gas to the market from the newly developed Black Sea offshore fields, diversifying sources of gas supply to consumers in Romania, and expanding the transmission network to the Central European markets by interconnecting with the BRUA and allowing access to the future major gas infrastructure projects such as TAP as well as gas hubs in Central Europe, the bank said.
In May, Transgaz said it has obtained the right to start the works for construction of a pipeline linking the country's Black Sea shore to the national transmission system and BRUA - the pipeline running from Bulgaria to Romania, Hungary and Austria. The total estimated value of the project "Black Sea - Podisor Pipeline for taking over Black Sea gas" is 360.4 million euro and the estimated completion deadline is 2021, Transgaz said at the time.
($ = 0.9009 euro)