BDB to provide funding under 3 operational programmes
Thursday, 01 January 1970
The Bulgarian Development Bank (BDB) will extend loans to beneficiaries of the so-called projects generating returns under the Transport, Environment and Regional Development operational programmes, Dnevnik reported.
The scheme will be funded with part of the EUR 700 million loan provided by the European Investment Bank (EIB), which was expected to be used only for co-financing Bulgaria's share in the project.
In order to bring the project into action, Bulgaria's government is expected to clear on Wednesday BDB's agency contract, as well as the draft contract for the guarantee deposit. The money could be provided to local municipalities, budget and government entities.