Bulgaria Gets Nod for 2 Billion Euros in EU Funding for Transport Projects
Friday, 19 December 2014
Prime Minister Boyko Borisov said on Thursday the European Commission has approved 2 billion euros in financing under the 2014-2020 Operational Programme Transport for Bulgaria.
The approval opens the way for going ahead with major land transport infrastructure projects.
Borisov, who is in Brussels for the European Council summit, said the EU Commission President jean-Claude Juncker had informed him that the financing had been given the green light, the government's press office said in a statement.
A total of 800 million euros will be allocated to the construction of sections of Bulgaria’s Struma and Hemus motorways and a tunnel under the Shipka Pass in central Bulgaria, a further 800 million euros will be used to improve railway infrastructure and 400 million euros will go to building sections of the underground railway system in Sofia, Borisov said.