EU Approves Grant Financing for Key Motorway in Bulgaria

EU Approves Grant Financing for Key Motorway in Bulgaria

Bulgaria's regional development ministry said on Wednesday that the European Union's executive body has granted the country's request for co-financing for the Maritsa motorway project.

Some 80% of the project's total value of 203.8 million levs ($138 million/104.2 million euro) will be provided as grant financing under the EU-funded operational programme Transport while the remainder will be allocated from the state budget, the ministry said in a press release.

The Maritsa highway in southern Bulgaria is part of pan-European transport Corridor IV. Its construction began in August last year.

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