THE CABINET APPROVED A DRAFT OF A FINANCING AGREEMENT BETWEEN BULGARIA...

Politics | November 23, 2001, Friday // 00:00

The Cabinet approved a draft of a financing agreement between Bulgaria and the French Development Agency (AFD), under which Bulgaria is to receive grant aid of EUR 5 M for financing the construction work and the investigations necessary for construction of a second bridge across the Bulgarian-Romanian sector of the Danube, at Vidin-Calafat. The funds are to be paid by December 31, 2005 at the latest. The same project is co-financed by the European Investment Bank, Germany's Kreditanstalt fuer Wiederaufbau (KfW), the EU ISPA Programme, and the national budget of Bulgaria.

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