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    Reference: 20180646
    Release date: 15 July 2021

    Promoter – Financial Intermediary

    REPUBLIC OF BULGARIA

    Location

    Description

    The project consists of the financing of: i) the anticipated "Imminent Works" that are aimed at improving the existing airport facilities by rationalising the use of the current infrastructure, keeping up with the latest safety and security regulations and addressing current service level deficiencies; and ii) phase 1 of the airport development plan required to address operational resilience issues within the first seven years of the 35-year airport concession granted by the Republic of Bulgaria.

    Objectives

    The investment will alleviate existing capacity shortfalls and address current service level deficiencies, enhancing operational resilience and passenger service standards but also improving the sustainability of airport operations in terms of building and equipment energy efficiency and safety considerations.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 101 million

    Environmental aspects

    A number of investment schemes included in this framework loan would normally be classified under Annex II of the Directive 2014/52/EU amending the EIA Directive 2011/92/EU, meaning that the Competent Authority makes the decision as to whether a formal environmental impact assessment (EIA) is required or not. Alignment to this and to other national and EU environmental legislation, including EU Directive on Energy Performance of Buildings, and the status of any pre-existing development consents will be reviewed and assessed during appraisal.

    Procurement

    The borrower has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions.

    Status

    Signed - 12/07/2021

    Disclaimer

    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 Transport