EIB Mulls 500 Mln Euro Loan To Bulgaria To Co-Fund EU Investment Schemes

EIB Mulls 500 Mln Euro Loan To Bulgaria To Co-Fund EU Investment Schemes

The European Investment Bank (EIB) said on Wednesday it is considering providing a 500 million euro ($677.7 million) structural programme loan for the co-financing of EU funds supporting investment schemes in Bulgaria during the 2014-2020 programming period.
The aim of the project is to support priority investments of Bulgaria mainly in the sectors of transport infrastructure, waste and water management and environmental protection therefore backing the country's convergence efforts towards compliance with the EU acquis in these sectors, the EIB said in a statement on its website.
The promoters of the investment schemes to be co-financed under the project would be the relevant local implementing agencies such as the national railways infrastructure company, the roads infrastructure agency, the national company for strategic infrastructure projects and other public sector entities - local governments or regional water operating companies. The total cost of the project is estimated at 4.8 billion euro.

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