Sitemap

Bulgaria: EIB And Sofia Municipality Sign €60 Million Loan For Sustainable Mobility Projects

Protests Against Covid Rules And Lockdowns Erupt Across Europe

Protests against fresh Covid-19 restrictions have rocked...

Bulgaria’s Rumen Radev Wins Presidential Re-Election: Exit Polls

Exit polls in Bulgaria suggest that incumbent...

Marko Čadež: Open Balkans Internal Trade And Single Labour Market

Representatives of six sectoral groups that include...

Borrell: No Place In EU For Genocide And War Crimes Supporters

Josep Borrell, the European Union High Representative, after a meeting with Serbia's Prime Minister Ana Brnabic in Brussels, said...

How a Russian-Ukraine Conflict Might Hit Global Markets

A potential invasion of Ukraine by neighbouring Russia would be felt across a number of markets, from wheat and...

Biden Warns Putin With Sanctions As West Steps Up Ukraine Defenses

U.S. President Joe Biden said on Tuesday he would consider personal sanctions on President Vladimir Putin if Russia invades...

European Commission: Better Rules for Organic Producers

Obtaining a certificate for the production of organic food should be easier for small farmers from January 1st this...

Anti-Vaccine Activists March In D.C. – City That Mandates Coronavirus Vaccination – To Protest Mandates

Thousands of protesters from across the country — including some of the biggest names in the anti-vaccination movement — descended on...

The European Investment Bank (EIB) and Sofia Municipality have signed a €60 million framework loan to promote sustainable urban mobility in Bulgaria’s capital. The EIB financing supports Sofia Municipality’s objective to develop an environmentally sustainable transport system that improves the everyday life of its people.

In line with the objectives of the General Development Plan of the City of Sofia and the Sustainable Urban Mobility Plan of Sofia 2019-2035, the EIB will finance projects that include the construction and rehabilitation of sections of the road and street network, parts of the tramway, and walking and cycling infrastructure. In addition, public transport projects such as buses and the installation of electric vehicle charging infrastructure can be supported.

EIB Vice-President Lilyana Pavlova commented: “As the fastest-growing city in Bulgaria, Sofia is facing the challenge of continuing its growth in an environmentally sustainable way. At the EIB, we are very pleased to sign this loan that will support sustainable mobility projects and improve the everyday life of people in Sofia. Our financing will boost employment, improve air quality and make Sofia a safer and faster place to move around.”

Related

EIB Corporate Digitalisation Index 2020/2021

Most EU Countries Are Trailing The United States In Digitalisation

By 2020, 37% of European firms had still not adopted any advanced digital technology, compared with 27% in the United States. The slow adaptation...

Niš-Sofia Gas Pipeline

Road To Greater Energy Security

The new Niš-Sofia gas pipeline is a key part of Serbia’s broader strategy to complete the ongoing liberalisation of the gas sector, but also...

Sofia Mayor Yordanka Fandakova commented: “The European Investment Bank is a reliable partner of Sofia, which stands behind our largest infrastructure projects. With the current construction program we will build missing sections of the inner city road network, which will remove traffic from the city center, reduce congestion and contribute to cleaner air. With the projects for construction of T. Kableshkov buld. and Filip Kutev blvd. we will improve the mobility in the most densely populated southern neighborhoods, and with the planned boulevards in the northern part of the city, we will give them a new impetus for development. A flagship project for Sofia is the “Green Ring”, which will connect large neighborhoods of the city with bicycle and pedestrian alleys. We continue to build and upgrade tramlines, which improve transport connectivity. The provided funds will enable us for a short period to build infrastructure with great environmental impact, improving the quality of life of more than a million citizens in Sofia.”

Source: eib.org, Photo: Kalin Dimchev/Unsplash

Related Articles

EIB Provides €500 000 Grant To Ensure Sustainable Future Of Urban Mobility In Niš

The European Investment Bank (EIB) has signed a cooperation agreement with the City of Niš in Serbia to finance the preparation of a sustainable...

Realisation Of Project “EU For Green Agenda In Serbia” Begins

Prime Minister Ana Brnabić and the European Union (EU) Ambassador to the Republic of Serbia Emanuele Giaufret presented today a new initiative worth 8...

EIB Provides €50 Million To SID Banka For The Green And Sustainable Development Of Municipalities

The European Investment Bank (EIB), the bank of the European Union, will provide €50 million to Slovenska izvozna in razvojna banka (SID Banka) to create a new...

The Foreign Investors Council Held Its Regular Annual Assembly

The Foreign Investors Council (FIC) held the regular annual session of the Assembly, electing the new Board of Directors, adopting the Annual and Financial...

Sustainable Financing

A Capital-Markets Union Is The Key To Greening Europe

In the absence of a true capital-markets and banking union, the European Union will not be able to mobilize the financing it needs to...

Gig Workers In Southeast Europe

Multimedia And Creative Services Workers Lead The Region

Southeast Europe’s online labour market is becoming increasingly attractive to those with a less sophisticated skillset. The negative aspect of such a development is...

New EIB Survey Shows Positive Developments In Bank Lending in Central, Eastern and South-Eastern Europe

The European Investment Bank (EIB) published the autumn 2021 edition of its CESEE bank lending survey. The reportinvestigates the strategies of international banks active...

Bulgaria’s Rumen Radev Wins Presidential Re-Election: Exit Polls

Exit polls in Bulgaria suggest that incumbent Rumen Radev has won the country’s presidential runoff. Partial official result on Sunday showed Radev had won 66.7...