State-run Strategic Infrastructure Projects company to go onstream in August 2011
The parliamentary commissions for regional policy and EU funds approved on June 8 a draft bill to put into operation the state-run company in charge of strategic infrastructure projects in August 2011.
Strategic Infrastructure Projects will be engaged in the construction of the Struma, Hemus and Cherno More motorways and will have a budget of 1.1 million leva this year, to be provided equally by the Finance Ministry and Ministry of Regional Development.
As of 2012, the state-owned company is expected to become a beneficiary under the Transport operational programme and to be financed with European Union funds.
The set-up of the future company is supported by the European Investment Bank, which will provide co-financing for the motorways' construction.