Plovdiv to Build 2nd Rowing Canal, Zoo with JESSICA Funding
The Southern Bulgarian Plovdiv municipality plans to build a second rowing canal and a new zoo with funding from JESSICA, a joint EU initiative for financing sustainable urban development.
The JESSICA initiative is operated by the European Commission in cooperation with the European Investment Bank (EIB) and the Council of Europe Development Bank (CEB).
The plans were reported Friday by the Bulgarian National Radio (BNR) following a presentation of the financial instrument before the local administration by Regional Development Minister Lilyana Pavlova.
On Friday Pavlova also participated in a discussion on the JESSICA initiative in the Black Sea city of Burgas.
Funding under the JESSICA instrument is allocated via competitive tenders and will be distributed among the six biggest Bulgarian cities – Burgas, Varna, Ruse, Pleven, Plovdiv and Stara Zagora.
Pavlova made it clear that it was absolutely possible for Burgas to "get the BGN 100 million" as long as it came up with impeccable and timely prepared projects.
The Regional Development Minister stressed that Burgas was among the top performers in EU funds absorption.
Bulgaria has been allocated a total of BGN 110 M until 2015 under JESSICA.
Nearly BGN 37 M is provided under the Regional Development Operational Program and the remaining BGN 74 M by SG Expressbank.
- » Bulgarian PM Discusses Energy Projects at EU Council
- » EU Provides Financial Aid for Integration of Immigrants in Bulgaria
- » Bulgaria Gets Nod for EUR 2 B in EU Funding for Transport Projects
- » More Than Half of Bulgarians Have Positive Image of EU – Eurobarometer
- » Bulgaria to Get EUR 10.5 M Disaster Aid from EU
- » German Chancellor Promises Help, to Send Experts to Bulgaria