EBRD Considers Lending to Water Utility Company of Bulgaria's Smolyan

EBRD Considers Lending to Water Utility Company of Bulgaria's Smolyan

The European Bank for Reconstruction and Development (EBRD) said it is considering providing a loan to the water utility company servicing Bulgaria's Smolyan city, in order to partially finance a 39.1 million euro ($44.5 million) project for infrastructure upgrades.
The loan which the EBRD is considering to provide to Smolyan Water Supply and Sanitation Company amounts to 4.1 million euro, of which 1.5 million euro will be funded with EBRD's ordinary capital resources and 2.6 million euro will be European Structural and Investment Funds (ESIF) contributions from the EBRD-EU Special Fund, the EBRD said in a project summary description.
The proceeds of the loan will co-finance the construction of new and the rehabilitation of existing water and wastewater infrastructure, jointly with investment grants from the EU Operational Programme Environment 2014-2020.
 
Previous Next
Close
Test Caption
Test Description goes like this
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.