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Varna Municipality Allocates 17.5ha For Container Terminal 09/04/2008
Varna municipality has earmarked 17.5ha for a new container terminal, weekly Stroitelstvo Gradut reported on April 7. The land lot, located on the northern coast of Varna lake, will be handed over once the Government and the municipality sign a memorandum for the re-development of the entire area. It includes the re-location of Varna port to the western side of the lake, as well as the construction of a recreational zone on the current grounds of the port. The Cabinet is set to review the memorandum in mid-April, Bulgarian Transport Minister Petar Moutafchiev said, quoted by the weekly. He added that he discussed the project last week with Varna mayor Kiril Yordanov and the chair of Varna municipal council Borislav Goutsanov. Total costs are estimated at 500 million euro and the... more

World Bank Floats 109 M Eur Loan To Local Municipalities 18/03/2008
The board of the directors of World Bank took a decision to float a loan to Bulgaria for the development of the municipality infrastructure on the amount of 109 million EUR. The loan will be approved in May and local municipalities could use the sources from June. Two main components in spending per 52 million EUR will be used for energy-savings in Water Supplies in the cities of Dobrich, Razgrad, Stara Zagora, Sliven, Turgovishte and Smoliyan. Part of the money will be given for repairs of the dams ‘Luda Yana', ‘Studena', ‘Nejkovtsi' and ‘Plovdivtsi' and for building of purification stations for drinking water. The money will be used for the whole improvement of the water sector in Stara Zagora . more