Estonia, Finland and the EU are going to finance the construction of Balticconnector gas pipeline

Estonia, Finland and the EU are going to finance the construction of Balticconnector gas pipeline
Publishedо 25 October, 2016

The data agency ria.ru with reference to the press-service of The Cabinet of Estonia reports that on October 21, 2016 the representatives of Estonia, Finland and the EU signed a contract on co-investment of Balticconnector gas pipeline construction in the amount of 187 million euros.

The new gas pipeline 150 kilometres long will be constructed by 2020 and join together gas distribution networks of Estonia and Finland. According to the prime-minister of Estonia, in addition to gas received from Russia Balticconnector gas pipeline will allow the countries to carry on trade between themselves.