The Council of Ministers approved the issuing of state guarantees in 2016 along loan agreements related to the financing of the project for the building of a gas link between the gas grids of Bulgaria and Greece. The cost of the project is to the tune of EUR 110 million under the legislature in the sphere of state subsidies. In the last two consecutive years the project has been approved for financing through state-guaranteed loans to the amount of EUR 80 million and had been included in the State Budget Act for 2014 and 2015. Upon analyzing its strategic significance for acquiring access to alternative gas supply sources and for preventing crises in the supplies for this country, the project will be envisages also in the state budget for 2016 as well.