BUL/ THE FUND OF FUNDS PROVIDES EUR 115 MILLION IN FINANCING FOR UPGRADING THE WATER SECTOR IN BULGARIA

  Fund of Funds (FoF) signed an operational agreement for cooperation in implementing the Financial     Instrument for Upgrading the Water Sector with the European Bank for Reconstruction and     Development (EBRD). The instrument is financed under Operational Programme Environment 2014-     2020 (OPE) and is co-financed by the European Union in the framework of the cohesion policy, and     from the national budget. The Fund of Funds provides public resources in the amount of EUR 115     million and mobilises additional resources from the EBRD in an amount that, as a minimum, matches     that amount. Thus the amount to be made available to final recipients will reach EUR 230 million. The     financial instrument is designed to support investment in the water and wastewater sector in Bulgaria.     The Fund of Funds’ intermediary of choice is the EBRD because it is an international financial institution   with extensive experience in financing infrastructure projects, including in the Water sector in the region.


 For more info click here