Sofia Attracts over 1.0 Bln Euro Investments in Last 2 Yrs

Sofia Attracts over 1.0 Bln Euro Investments in Last 2 Yrs

Sofia municipality attracted investments of over 2.0 billion levs ($1.34 billion/1.02 billion euro) in the last two years, the capital's mayor Yordanka Fandakova said.

Half of the money, some 1.0 billion levs, was invested in the construction of the Sofia subway, and the remainder went for infrastructure, energy efficiency measures in school buildings and the construction of Sofia's landfill for non-hazardous waste, Fandakova said in an interview for local broadcaster TV7.

A large part of the investments came from EU funding, the Sofia mayor also noted.

To proceed wit its planned road repair projects in 2013, the Sofia municipality will apply for a loan of 50 million euro ($65.5 million) from the European Investment Bank, Fandakova added.

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