Project Notice

PNR 42042
Organization FUND FOR LOCAL AUTHORITIES AND GOVERNMENTS IN BULGARIA - FLAG EAD - SOFIA
Work Detail The operation consists of a framework loan to FLAG to support the modernization and expansion of the urban infrastructure of municipalities across Bulgaria. The loan will be additional to the investments supported by the urban development Decentralized Financial Instruments (DFI) in Bulgaria and will cover smaller scale investments in multiple sectors. Objectives The project is aimed at supporting multiple investments in urban regeneration and renewal of municipal infrastructure, energy efficiency in public buildings, open green areas, and sustainable urban transport. It is expected to achieve positive environmental and social impacts and contribute to the improvement in the quality of life for local residents and in the attractiveness and competitiveness of cities. Sector(s) Urban development - Construction Proposed EIB finance (Approximate amount) EUR 25 million Total cost (Approximate amount) EUR 50 million
Funded By 37
Country Bulgaria , Eastern Europe
Project Value 50 Million

Work Detail

The operation consists of a framework loan to FLAG to support the modernization and expansion of the urban infrastructure of municipalities across Bulgaria. The loan will be additional to the investments supported by the urban development Decentralized Financial Instruments (DFI) in Bulgaria and will cover smaller scale investments in multiple sectors. Objectives The project is aimed at supporting multiple investments in urban regeneration and renewal of municipal infrastructure, energy efficiency in public buildings, open green areas, and sustainable urban transport. It is expected to achieve positive environmental and social impacts and contribute to the improvement in the quality of life for local residents and in the attractiveness and competitiveness of cities. Sector(s) Urban development - Construction Proposed EIB finance (Approximate amount) EUR 25 million Total cost (Approximate amount) EUR 50 million

Contact Information

Project Name FLAG DFI COMPLEMENTARY URBAN FACILITY

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