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Varna Integrated Urban Transport Project

Sector: Road • Location: Bulgaria

Source: European Bank for Reconstruction and Development (EBRD)

Project
Complete

A loan of up to EUR 7.9 million to the City of Varna ("City" or "Varna") to finance, jointly with the European Union Structural and Investment Funds ("ESIF"), the following investments in Varna: The flood control channels rehabilitation component has been introduced after the tendering process for the first two investments was completed. At that stage, the City informed the Bank that it achieved s

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Project Information

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The project “Varna Integrated Urban Transport Project” is an infrastructure initiative in the Road sector, located in Bulgaria. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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Participants

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Status

Original status

complete

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Description

Description

A loan of up to EUR 7.9 million to the City of Varna ("City" or "Varna") to finance, jointly with the European Union Structural and Investment Funds ("ESIF"), the following investments in Varna: The flood control channels rehabilitation component has been introduced after the tendering process for the first two investments was completed. At that stage, the City informed the Bank that it achieved savings and requested to reallocate a part of the loan proceeds to the flood control channel rehabilitation component. The flood control channels rehabilitation component will complement the objectives of the first two investments since it will protect essential road infrastructure used by public transport from the risk of floods and destruction, thus improving the urban mobility in the City.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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