Release date: 5 July 2007
Promoter – Financial IntermediaryThe Republic of Bulgaria, through the Ministry of Finance (Borrower and Payment authority for the EU programmes), and other Ministries involved as Management Authorities in the National Strategic Reference Framework (NSRF) 2007-13, as well as in measures included in European Agricultural Fund for Rural Development (EAFRD) programme.
The project will support a number of investment schemes eligible to the Structural Funds and Cohesion Fund grants in the programming period 2007-13. These will be included in the relevant Operational Programmes in the areas of industry, services, transport, environment, local basic infrastructure, research and development, information society, measures of rural development and others.
The project aims at both facilitating and accelerating the implementation of investment schemes responding to EU policy priorities for the further development of the economy and its faster integration into the Union’s. Through the support of its technical services, as well as that from Jaspers, Jeremie and Jessica, the EIB group will also give a contribution to the overall programme implementation of the Bulgarian NSRF and Rural Development.
Proposed EIB finance (Approximate amount)
The EIB loan is expected to cover up to 20% of the eligible cost.
Total cost (Approximate amount)
The cost eligible to the Bank’s project will be determined during appraisal as a part of the NSRF and Rural Development programmes. It is expected to amount to about EUR 3.5 billion,.
These will be verified according to current environmental impact legislation in the Republic of Bulgaria in line with relevant EU legislation (namely Directive 85/337/EEC as amended by Directive 97/11/EC and 2003/35/EC).
EU Directives for procurement have been transposed into national Bulgarian legislation. Tenders will be organized in compliance with EU requirements, which is also a precondition for EU grant support. Tender notices will be published, as appropriate, in the EU Official Journal. Application of EU procedures by the Bulgarian authorities for the tender of services, supplies and civil works will be reviewed by the Bank’s services during appraisal.
Signed - 14/12/2007
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).