Bulgaria Has Absorbed EU Funding for Transport Infrastructure of 1.5 Billion Euros

Bulgaria Has Absorbed EU Funding for Transport Infrastructure of 1.5 Billion Euros

Bulgarian Transport Minister Ivaylo Moskovski has announced that the funding paid out under operational program Transport so far, at 1.5 billion euros, amounts to 71% of the total budget of the program.
Moskovski, as cited by money.bg, presented Thursday the achievements of the government in the spheres of railway, roads and water infrastructure.
He boasted that the authorities had managed to handle a critical situation and to prevent a loss of EU funding under operational program Transport 2007-2013.
He noted that a total of 22 projects were being implemented under the program, 7 of which had been completed and 15 were ongoing.
Moskovski expressed hope that all projects would be finalized by end-2015.
Galina Vasileva from the Transport Ministry informed that operational program Transport envisaged a total of 900 million levs for road construction, 528 million levs for the Sofia subway, 500 million levs for railway infrastructure, and 38 million levs for improving river/sea infrastructure and navigation.
She made clear that the Sofia subway was a champion in EU funds absorption, with 90% of the contracted funding paid out, while the amount of funding paid out in the sphere of road infrastructure stood at 68% and in railway infrastructure at less than 50%.
 
 
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