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Feb 22, 2010

SIGNING OF A GRANT CONTRACT FOR INTEGRATED WATER PROJECT GABROVO UNDER OPERATIONAL PROGRAMME ENVIRONMENT

Nona Karadjova, the Minister of Environment and Water, and Tomislav Donchev, the Mayor of the Municipality of Gabrovo, will sign a grant contract for Integrated Water Project Gabrovo under Operational Programme Environment, in the presence of the Prime Minister Boyko Borissov.
The contract signing ceremony will take place on February 23, 2010, Tuesday, at 11:30, at the ceremonial hall of the Municipality of Gabrovo.
Following the Integrated Water Project for Vratsa, this is the second major infrastructure project under Operational Programme Environment which has been given a positive evaluation by Brussels. The financing has been approved by Decision No. 1052 of the European Commission, dated February 18, 2010. The total cost of the project is BGN 123.5 million. According to the EU requirements, all major investment projects of over EUR 25 million in the environment sector applying for financing by the EU funds are subject to assessment and approval by the European Commission.
The financing under Operational Programme Environment amounts to BGN 117.4 million, BGN 93 million of which will be provided by the EU Cohesion Fund, and BGN 23.5 million will be co-financed by the state budget.
The completion deadline for the project is mid-2015.