World Bank Funds Better Water Quality in Bulgaria with EUR 81 M

Business » FINANCE | November 25, 2009, Wednesday // 08:42
Bulgaria: World Bank Funds Better Water Quality in Bulgaria with EUR 81 M Bulgaria's mountain resort of Tryavna is one of the four municipalities to benefit from improved water quality project funded by the World Bank. Photo by sotirmarchev.tripod.com

The World Bank has allocated EUR 81 M for the improvement of water quality in four Bulgarian municipalities.

The Municipal Infrastructure Development Project in Bulgaria was approved Tuesday by the World Bank’s Board of Directors. It will aid local authorities across the country in investment-planning for the water sector, and improving the reliability and quality of water provision in four municipalities, the World Bank has announced.

The Municipal Infrastructure Development Project is expected to improve the quality of life of more than 141 000 Bulgarians in the municipalities of Madan, Rudozem, Tryavna, and Panagyurishte.

The measures it will finance include the preparation of 48 regional Master Plans for Water Supply and Sewerage systems (ViK systems), including 40 Master Plans for urban settlements, within six regions, and the completion of construction of three dams that was interrupted about 20 years ago along with the rehabilitation of a fourth dam that is currently operational.

“The citizens of municipalities of Rudozem, Madan, Tryavna, and Panagyuriste in Bulgaria are all looking forward to seeing a significant improvement in the water supply to their communities. The lack of a steady source of quality drinking water as well as water for agricultural use is seen by many as one of the main issues affecting their well-being... The World Bank’s funding for finalizing the construction provides an opportunity for further economic development, including tourism growth,” said Gabriel Ionita, World Bank Senior Agriculture Specialist and Task Team Leader of the project.

“The World Bank and the Government of Bulgaria are currently working closely to identify the Bank’s future support to Bulgaria's key development priorities with the goal of accelerating growth and improving living standards,” World Bank Country Manager for Bulgaria, Florian Fichtl, is quoted as saying.

More information is available on the World Bank website HERE

Finance » Be a reporter: Write and send your article
Tags: World Bank, Tryavna, Panagyurishte, Madan, Rudozem, water, Florian Fichtl

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria