Financial Sources
CAPEX
Advantage of the Eastring pipeline project lies in its ability to bring added value comparable to competitive projects at significantly lower costs. Capital expenditures of the project are initially estimated at some 2.6 billion € for Phase I.
EU FundingThe project obtained the status of a Project of Common Interest (PCI) under the guidelines for Trans-European energy infrastructure – Ten Year Network Development Plan (TYNDP). It guarantees the highest political support of the EU for the project and its implementation.
European CEF coordination committee agreed to fund the Eastring Feasibility Study under the Connecting Europe Facility (CEF). Under the agreed proposal, one million euros (50 percent of eligible costs) was dedicated for the Eastring Feasibility Study.
For more information about CEF committee decision please see the following link: http://europa.eu/rapid/press-release_IP-17-280_en.htm.
