Bulgarian railway, sewerage network projects get ISPA funding

Dnevnik Daily, 13th January 2006

The finance ministry and the delegation of the European Commission signed on Wednesday, January 11, the financial memorandums for 133.2 mln euro in aid from EU's ISPA program.
The Bulgarian side will provide 80 mln euro in co-financing. The resource will be divided among the projects for the renovation and expansion of the sewerage infrastructure in Sofia, Bourgas, Rousse, Sliven and Kyustendil, the modernisation of the wastewater treatment plants in the 5 cities and the construction of new plants where that is necessary.
Money has also been allocated for technical assistance for the modernisation of the Vidin-Sofia railway and for the rehabilitation of the Plovdiv-Bourgas and Mezdra-Gorna Oryahovitsa railways.
Loan-financing will be provided by EBRD,18.9 mln euro, and the EIB, 12 mln euro.
The funding should be absorbed over the next 3 years, said finance minister Plamen Oresharski.

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