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EU to Finance Bulgaria’s Hemus Highway Construction

Date: 04.07.2011

The construction of Bulgaria’s Hemus Highway will be financed by Brussels. Seven highways and high-speed lanes in the territory of Bulgaria have officially become part of the EU road network, since the European Commission approved of Bulgarian government’s road infrastructure development strategy Bulgaria 2020.

The projects have been estimated at 3 billion euros, of which 2.5 million is to be allotted by the EU.

Brussels has also decided to extend the financing of the Danube Bridge 2 project with another two years. The official financial memorandum is to be signed in two weeks. This became clear during the latest meeting of the ISPA Monitoring Committee.

Before leaving for Montenegro, Bulgaria’s PM Boyko Borissov thanked his ministers and EC President Jose Barroso for their efforts that earned a positive review from Brussels to the incumbent government.

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