EBRD helps finance water and wastewater upgrades in Bulgaria
The European Bank for Reconstruction and Development and the European Union are financing upgrades to water supply and wastewater systems in Bulgaria’s Stara Zagora and Vratsa regions.
The water and wastewater utility in Stara Zagora, which serves a population of approximately 326,000 across 12 towns, is investing €52 million in the modernisation of its operations.
The investment programme is financed largely by EU grants and the EBRD is providing a €3.7 million loan from its own resources, complemented by a €2.4 million loan from the EU’s European structural and investment funds.
At the same time, the regional utility that serves the cities of Vratsa, Byala Slatina, Mezdra and Kozloduy is implementing a €21.3 million investment programme. The improvements are financed with EU grants, the state budget and a €2.7 million loan split equally between the EBRD and ESIF.
