Bulgaria to Get 10.9 Mln Euro KIDSF Grant for Three Gas Pipelines - EBRD

Bulgaria to Get 10.9 Mln Euro KIDSF Grant for Three Gas Pipelines - EBRD

Bulgaria's state-owned gas transmission system operator Bulgartransgaz will receive a 10.9 million euro ($12.4 million) grant from the Kozloduy International Decommissioning Support Fund (KIDSF) to partially finance the construction of three gas pipelines, the European Bank for Reconstruction and Development  (EBRD) said. Bulgartransgaz is expected to launch procurement for the 21.8 million euro project in the third quarter of the year, the EBRD, which manages the KIDSF, said in a statement on Tuesday. Bulgartransgaz will use own funds to finance the remaining 50% of the project's cost.The three pipelines, with a total length of 122 km, include a pipeline to Svishtov, in northern Bulgaria, one to Panagiurishte and Pirdop, in the country's west, as well as one to Razlog and Bansko, in the southwest. The projects are expected to be completed within 20 months of the contract signature date. The KIDSF finances or co-finances projects related to the decommissioning of four units of Bulgaria's sole nuclear power plant Kozloduy, which were closed down to address the nuclear safety concerns of the European Union prior to the country's accession to the bloc in 2007.

Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.