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PHARE slates Eur 12.3 for Bulgaria post-floods fight

Date: 18.10.2005

Bulgaria will receive EUR 12.3 M under the PHARE program to enhance the country's capacity to fight the aftermath of several waves of floods.

The Brussels Steering Committee on PHARE has approved the financial proposition under the national Program 2005 in line with the requests submitted by the Bulgarian government to PHARE and the Solidarity Fund.

The sum of EUR 12.3 will be allotted for two projects developed on the grounds of damages assessment committed by the European Commission July 26-29.

A grant scheme for after-floods reconstruction, at the cost of EUR 9.15 M by PHARE and EUR 3 M state co-financing, is designed for direct assistance to local municipalities and public organisations striving to rebuild the ruined transport and public infrastructure.

The second project seeks for long-term results by strengthening the capacity of newly established Disaster Management Ministry to prevent and manage crisis situations and natural disasters. Besides the government, beneficiaries to the project will be also municipalities and the Bulgarian Academy of Sciences.

PHARE injects EUR 3.15 M under the second project.

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