EC Extends Deadlines on 4 Bulgarian ISPA Projects

The European COmmission has extended the deadlines for the execution of 4 projects in Bulgaria under the ISPA pre-accession funds, for the water and sewerage systems in Varna and Kyustendil.

4 more ISPA water and sewerage projects - in capital Sofia, Shumen, Kardzhali and Smolian - are expected to be extended.

Bulgaria requested the extension end 2010, when the duration of ISPA for the country expired, after managing to absorb only 70% of the funds allotted.

According to the Bulgarian Ministry of Environment, the total amount saved from its budget as a result of the measure is BGN 56 M.

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