The WB is expected to approve a EUR 88.3mn loan for municipal infrastructure development by end-May, the regional ministry announced. The project is estimated at EUR 117mn (VAT included), 75.5% of which would be financed by the WB. The state co-financing will amount to 18.2mn. The six participating water management companies in Dobrich, Razgrad, Sliven , Smolian, Stara Zagora and Targovishte have to provide additional EUR 12.5mn. A memorandum for understanding has been already signed by the state and the water companies while field works are to start by the end of this year.
Source: Intellinews-Bulgaria Today