EIB awards $688M loan to grid company in Netherlands

12/10/2013 | Bloomberg Businessweek

Netherlands-based grid company TenneT Holding received a $688 million loan from the European Investment Bank for the HelWin1, SylWin1 and DolWin1 high-voltage transmission projects. "Because of its dimension and technical requirements, these projects will be of an exemplary nature not only in Germany but worldwide. Construction has already begun and is expected to be completed in 2014 and 2015," EIB said in a statement.

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