The Fund Manager of Financial Instruments in Bulgaria (FMFIB) and the EBRD are considering to structure and implement a framework for financing Regional Water Operators (RWOs) in Bulgaria, which will combine financial resources from the European Structural and Investment Funds (ESIF) with the EBRD's own capital resources as well as funds mobilised from other commercial sources (the framework).
The objective of the framework is to address the existing funding gap in the water and wastewater sector in Bulgaria and thus support the country in achieving compliance with the EU's urban wastewater and drinking water directives. The investments are expected result in improved service quality and provide access to sewage and wastewater treatment service to an increased number of Bulgarian households.
The individual sub-projects will benefit from the following technical cooperation:
In addition, the framework will benefit from an update of the ex-ante assessment for the use of financial instruments in the water and wastewater sector in Bulgaria.
The counterpart of the EBRD in such framework is FMFIB, a Bulgarian state-owned entity, which is responsible for channeling the ESI Funds from the Managing Authority to the EBRD. Up to EUR 115 million of EBRD finance with an indicative split between loans and guarantee of EUR 92 million and EUR 23 million, respectively.
The total estimated cost of the investment projects to be financed under the framework is up to EUR 1.2 billion. The majority of the financing will be provided in the form of direct investment grants to the RWOS provided by the Managing Authority of Operational Programme Environment 2014-2020. The EBRD will co-finance the project costs through the framework.
FMFIB, a Bulgarian state-owned entity, which is responsible for channelling the ESI Funds from the Managing Authority to the EBRD.
Company Contact Information
Fund Manager for Financial Instruments in Bulgaria
Phone number: +35928014050/ +35928014050
Address: 30-32 Totleben Boulevard, 1606 Sofia, Bulgaria
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