EIB Funding for Sustainable Urban Development Projects in Bulgaria

The European Investment Bank (EIB), the Bulgarian Ministry of Regional Development and Public Works (MRDPW), and the Bulgarian Ministry of Finance signed a Memorandum of Understanding (MoU) for assisting Bulgaria’s largest municipalities with drawing up integrated urban development plans and projects.

The MoU allows also the funding of urban development projects via a specially established holding fund. The fund will come under the Joint European Support for Sustainable Investment in City Areas (JESSICA) initiative.

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