Sofia Water Utility Plans to Invest Total 41.6 mln euro in 2014 - 2015

Sofia Water Utility Plans to Invest Total 41.6 mln euro in 2014 - 2015

Sofiyska Voda, the water utility company serving Bulgaria's capital Sofia, said it plans total investments of 81.4 million levs ($58 million/41.6 million euro) in 2014 and 2015.

In 2014, Sofiyska Voda plans to earmark over 20 million levs for investments in water supply services, including in pumping stations, water tanks, pressure control equipment and water meters, Vladimir Galabov, senior communications manager at Sofiyska Voda, said.

The company’s business plan is pending approval by the water regulator, which should come up with a decision by the beginning of June.

If Sofiyska Voda's investment plan is approved, some 7.0 million levs will go for the reconstruction of 13,739 metres (m) of Sofia's water supply network in 2014, Galabov said. A total of 5.0 million levs will be allocated to extending by 3,165 m the capital city's sewerage network and another 1.5 million are to be spent on reconstruction works this year. In 2015, the company plans repairs on 11,249 m of its water supply network and 1,891 m of its sewage network. It also plans to extend its sewerage network by 1,700 m.

Between 2009 and 2013 Sofiyska Voda's investments totalled 240 million levs. In 2013 alone, the company spent 50.7 million levs on its water supply and sewerage network.  

Sofiyska Voda is 22.9% owned by the Sofia municipality. Bulgaria's capital has a population of some 1.4 million.

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