"We are considering up to 500 million euros of our own money for TAP plus we will try to arrange with other banks up to 1 EUR billion in a syndicated loan," Riccardo Puliti, managing director of energy at the EBRD said.On 6 February 2018, The European Investment Bank (EIB) voted to hand out EUR 1.5 Billion, one of Europe’s largest ever loans, to one of the EU’s largest fossil fuel projects, the Trans Adriatic Pipeline.