WORLD BANK LENDS BULGARIA EUR 90 M FOR TRANSPORT INFRASTRUCTURE UPGRADES

2007-06-29   |  novinite.com

World Bank's board of directors approved EUR 90 M in funding for a project to upgrade transport infrastructure in Bulgaria, the institution said on Wednesday.

The funds will be used to rehabilitate first, second and third class roads with total a length of 450 kilometres.

Part of the money will be invested in buying new equipment and improving the capacity of Bulgarian institutions to use available resources more effectively.

The loan, which has 17-year-long maturity, will help improve road security and decrease the number of the accidents in the country.

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