Bulgaria Awaits EUR 1,25 B from EC for Dilapidated Roads
Bulgaria's Prime Minister Sergey Stanishev will probe on Tuesday the readiness of the National Road Infrastructure Agency to absorb European funding after Brussels decided to unfreeze a total of EUR 1,25 B for the improvement of the country's dilapidated roads.
Ivan Atanasov, head of the agency Supervisory Council, and Yanko Yankov, executive director, will present to Prime Minister Serey Stanishev projects to be funded under the "Transport" and "Regional Development" operative programs.
A total of EUR 1 B has been unblocked under the "Transport" Operative Programme, while another EUR 25 M will come under the "Regional Development" Operative Programme. In order to get European funding, however, the compatibility assessments of the projects must be first approved by Brussels.
The funds were blocked last year following corruption charges against the former head of the state-owned infrastructure fund.
The controversy, which broke out following an investigation by the newspaper Kapital, led to the freezing of the EUR 723 M earmarked to improve Bulgaria's dilapidated roads. The company former head Vesselin Georgiev was charged with awarding contracts worth tens of millions of levs to companies run by two of his brothers.
The fund was consequently restructured into a National Road Infrastructure Agency.
Text source and photo: novinite.com
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