Release date: 12 August 2005
Promoter – Financial Intermediary
Republic of Bulgaria, in favour of four Bulgarian municipalities and their Municipal or Regional water companies (Sofia, Vratza, Gabrovo and Sliven)Location
Description
The integrated water projects in the towns of Sofia, Vratza, Gabrovo and Sliven include priority improvements of water supply, sewage and wastewater treatment infrastructure.
Objectives
The objective of the project is to improve the quality and efficiency of water supply and wastewater services in four municipalities in Bulgaria, as well as to support the Country’s efforts to comply with EU directives.
Sector(s)
Proposed EIB finance (Approximate amount)
Approximately EUR 30 million.
Total cost (Approximate amount)
Approximately EUR 187 million.
Environmental aspects
Bulgaria is working on enacting its environmental legislation in view of harmonising its environmental standards with EU regulations. The project will assist the Promoter to comply with the Drinking water Directive (98/83/EC) and the Urban Wastewater Treatment Directive (91/217/EEC). All sub-projects include wastewater collection and treatment components and will, a priori, have beneficial environmental effects in terms of reduced pollution to the aquatic environment. All sub-projects will follow requirements of EIA Directive 97/11/EC and other environmental directives as applicable, which is a condition of ISPA grant assistance.
Procurement
The Bank would align itself to ISPA procurement rules.
Status
Signed - 11/06/2007