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Sofia Municipality to invest over BGN 1 billion in infrastructure projects implementation

Date: 27.11.2007

The money the Municipality of Sofia will invest in implementing the four-year program on regulating and handling traffic jams in the capital will come from taxes paid by the citizens of Sofia, said Sofia Mayor Boyko Borisov while presenting the four-year program on infrastructure development in Sofia.

In Borisov’s words the planned revenues from collecting the local taxes amount to over BGN 1 billion. He stressed that if “someone infringes on these resources”, they will bear personal responsibility for citizens’ discontent over the traffic organization in the city. BGN 1,2 billion have been planned for the implementation of the program.

The Municipality of Sofia will work with the Ministry of Regional Development and Public Works to implement some projects related with key roads in Sofia. The ministry has drawn up a Regional Development program which allots BGN 125 million for municipal roads. The project assigns a total of about BGN 800 million for improving the local and regional infrastructure and for setting up information and communication networks.

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