Russian pipeline group secures EUR 3.9bn funding deal
16 March 2010, 18:11 CET
(LONDON) - The consortium behind the planned Nord Stream gas pipeline from Russia to Europe said Tuesday it had secured a 3.9-billion-euro (5.9-billion-dollar) funding deal from 26 banks.
Shareholders in the consortium will complete the financing of the first phase of building the pipeline, which will go through the Baltics and cost a total of 7.4 billion euros, they said.
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