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Managing Authority
67, William Gladstone Str.
1000 Sofia
Fax: +359 2 988 4820

ope@moew.government.bg
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Feb 21, 2010

THE EUROPEAN COMMISSION APPROVED THE FINANCING OF THE WATER PROJECT FOR THE CITY OF GABROVO

Integrated Water Project Gabrovo, the second major infrastructure project under Operational Programme Environment 2007 - 2013, was approved for financing by Decision No. 1052 of the European Commission.
According to the EU requirements, the major investment projects of over EUR 25 million in the environment sector applying for financing by the EU funds are subject to evaluation and approval by the European Commission.
The total budget of the project amounts to BGN 123.5 mln., BGN 93.9 mln. of which will be co-financed by the EU Cohesion Fund, BGN 23.4 mln. will be provided by the state budget, and BGN 6 mln. will be provided via loans from international financial institutions.

The implementation of the investment activities under the project will result in improvement of the environmental infrastructure of the city in the sector of drinking water treatment and supply and waste water treatment.

The Integrated Water Project for the city of Gabrovo is the third major infrastructure project proposed by Bulgaria and approved by the EC.