site.btaCabinet Approves Financing of Municipal Infrastructure Projects

Cabinet Approves Financing of Municipal Infrastructure Projects
Cabinet Approves Financing of Municipal Infrastructure Projects
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The Council of Ministers approved at its Wednesday regular meeting a priority list of eligible areas/projects of linear technical infrastructure - municipal road and street networks, water and sewerage infrastructure, for financing of municipal administrations, within the 2022 budget of the Ministry of Regional Development and Public Works.

The list includes 234 projects worth a total of BGN 406,374,769, distributed as follows:

  • 105 water and sewerage projects worth BGN 126,566,331;
  • 94 municipal road projects worth BGN 233,774,463;
  • 35 street network projects worth BGN 46,033,975.

The approved list is based on a letter from the National Association of the Municipalities in Republic of Bulgaria (NAMRB) from August 23, 2022. The highest priority projects in the list were the ones with construction permits provided by the respective municipal administration, and on condition that the NAMRB will finance 50% of the cost of the respective projects. Given the projects' high number and value, each municipality had only one project approved.

The one exception was Karlovo Municipality, due to the unprecedented heavy rains and floods there in early September. The two projects approved for Karlovo were rebuilding two municipal roads and restoring the water supply systems in the region.

/YV/

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By 13:58 on 02.02.2023 Today`s news

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