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    Reference: 20130545
    Release date: 18 June 2014

    Promoter – Financial Intermediary

    The borrower will be the Republic of Bulgaria acting through the Ministry of Finance. The promoters of the investment schemes to be co-financed under the project would be the relevant local implementing agencies (e.g. the national railways infrastructure company (NRIC), the roads infrastructure agency (RIA), the national company for strategic infrastructure projects (NC SIP)) and other public sector entities (e.g. local governments or regional water operating companies).



    Structural Programme Loan (SPL) for the co-financing of EU Funds supporting investment schemes in Bulgaria during the programming period 2014-2020


    The operation will support priority investments of Bulgaria mainly in the sectors of transport infrastructure, waste and water management and environmental protection therefore backing the country's convergence efforts towards complaince with the EU acquis in these sectors.



    Proposed EIB finance (Approximate amount)

    EUR 500 million

    Total cost (Approximate amount)

    EUR 6224 million

    Environmental aspects

    Strategic Environmental Assessments are required by EU regulations for all Operational Programmes co-financed with EU funds, in compliance with the requirements of the EU SEA Directive 2001/42/EC. The project refers to a multi-sector multi-scheme operation classified as a Structural Programme Loan and some of the schemes are likely to fall under Annex I or Annex II of the 2011/92/EU Directive. Should any such scheme have a negative impact on an area forming part of the Natura 2000 network (falling under the Habitats Directive 92/43/EEC or Birds Directive 79/409/EEC), the Bank would require the promoters to act according to the provisions of the aforementioned Directives as transposed into the national law. All schemes must be implemented in compliance with the EU environmental legislation.


    The Bank will require the promoters to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/18/EEC/ or 2004/17/EEC and Dir 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.


    Signed - 27/11/2014


    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).

    Related tags

    Bulgaria Solid waste Water, sewerage Composite infrastructure Transport