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EIB may finance rehabilitation of Trans-Balkan road

Date: 27.02.2006

The northern road leading to the Hainzboaz passage running across Stara Planina (part of the Balkans chain) will be reconstructed with funds from the European Investment Bank (EIB)

The Cabinet has approved a draft letter to the financial institution offering an amendment to the technical definition of the financing agreement between Bulgaria and the EIB, the governmental press service said.

The accord was signed under the Bulgaria - Transit Roads IV - Phase One Project. The project includes the rehabilitation of 430 km of a total of road infrastructure.

The amendment concerns the proposed rehabilitation of the 24.5 km road on Hainboaz, a main passage connecting Northern and Southern Bulgaria.

The road is part of Pan-European Corridor No 9.

Sofia News Agency

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