Sofia Municipality Negotiating Three Loans With EIB
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The Sofia Municipality will start negotiations with the European Investment Bank (EIB) on three loans totaling about 290 million euros, Sofia Deputy Mayor Minko Gerdjikov said on Monday.
One of the loans will be used to co-finance the construction of the facility for treating household waste near the village of Yana, off Sofia.
A total of 100 million euros will be provided for the project from the Environment Operational Program, while the contribution from the EIB loan will be 60 million euros.
The second loan, 180 million euros, will finance the construction of a section of the underground in southeast Sofia.
The third loan, worth 50 million euros, will finance the construction of six flyovers in Sofia.
Source: BTA
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