“We agree with the idea that we could have cross-border transport of energy from one country to another,” Prime Minister Fredrik Reinfeldt told news agency TT. “But we are not supporting the idea that EU funds, ie taxes, should be used to finance the expansion.”
The European Commission has estimated that the project will cost at least US$ 1.3 billion, or 1 billion euros, through 2020. Most of the money wuld be spent on linking national and regional systems.
How the venture should be financed has not been decided but calls have been made for the European Union to put up most of the money.
But Reinfeldt and his government think that the market should decide.