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Is Nabucco Turning into a Cost Trap?

Published: May 6, 2011; 08:11 · (Vindobona)

The Nabucco gas pipeline could be twice as expensive as previously planned, according to sources from Turkey.

Is Nabucco Turning into a Cost Trap? / Picture: © Flickr

When, the feasibility study for the construction of the Nabucco pipeline was created in 2005, costs were estimated at € 7.9bn. However, according to Turkish sources, the cost will amount between € 12bn and € 15bn. Reaction from the Nabucco company came quickly, saying that these figures are "pure speculation". There is an election campaign in Turkey, and not everybody has a…

This article includes a total of 190 words.

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