EBRD to arrange next syndicated loan for implementation of Shahdeniz-2 project

Baku: The European Bank for Reconstruction and Development (EBRD) will arrange next syndicated loan for implementation of Shahdeniz-2 project, said the EBRD President Suma Chakrabarti at the press conference in Baku.

He noted that the amount of the loans has not been specified. Related decision will be passed by the Board of Governors in the mid of summer.

Along with this, Chakrabarti said that the EBRD will probably participate in the Southern Gas Corridor project.

SOURCE: Azeri Press News Agency