The so-called TAP will run for 878 kilometers (550 miles) from Greece`s border with Turkey to southern Italy, including a 105-kilometer (65-mile) stretch under the Adriatic Sea. First deliveries to Europe are expected in 2020.
The EBRD confirmed it has started negotiations for 500 million euros in direct financing and plans to attract up to 1 billion euros from a syndicate of commercial banks.
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