The prime ministers of Bulgaria and Romania have approached the European Commission with a request to extend the deadline of the financial memorandum for the construction of a second bridge over the Danube River.
The memorandum with Brussels, to be financed under the ISPA program, ensures free funding of EUR 70 M for the bridge’s construction and guarantees head-to-tail financing of the project. It is scheduled to expire at the end of 2010.
Bulgarian Prime Minister Boyko Borissovand his Romanian counterpart Emil Boc, who is paying an official visit to the country, have sent a letter to the European Commission President Jose Manuel Barroso, demanding that the deadline is extended by one year, until January 1, 2012.
“We hope Mr Barroso will take into account the fact that we are new governments and are not to blame for the delay in the project. Our ambitions are that every single euro is absorbed,” the Bulgarian prime minister said.
He suggested that two more bridge are constructed over the Danube River, linking Oryahovo-Bechet and Silistra-Kalarash.
Romania’s Prime Minister Boc said he expects a positive response from the European Commission.
Romania and Bulgaria signed the agreement for the project construction in March 2000 but it was late in getting off the ground because of insufficient funding.
The 2km Danube bridge, which is a key element of a European transport corridor connecting the German city of Dresden with Istanbul in Turkey, is designed to span over the river connecting Bulgaria’s Vidin and Romania’s Kalafat.
The project will cost a total of EUR 226 M and the Bulgarian government has pledged to chip in more than EUR 60.7 M. Besides, it is also financed by loans and grants from the European Investment Bank, the French Development Agency and the German Credit Institution for Reconstruction and Development.
At the moment, the only bridge on the 610km Danube section of the Bulgarian-Romanian border, links Russe in Bulgaria and Giurgiu in Romania by road and rail.

Read the article on Novinite.com

Bulgaria, Romania Seek EU Concession over Danube Bridge

The prime ministers of Bulgaria and Romania have approached the European Commission with a request to extend the deadline of the financial memorandum for the construction of a second bridge over the Danube River.
The memorandum with Brussels, to be financed under the ISPA program, ensures free funding of EUR 70 M for the bridge’s construction and guarantees head-to-tail financing of the project. It is scheduled to expire at the end of 2010.
Bulgarian Prime Minister Boyko Borissovand his Romanian counterpart Emil Boc, who is paying an official visit to the country, have sent a letter to the European Commission President Jose Manuel Barroso, demanding that the deadline is extended by one year, until January 1, 2012.
“We hope Mr Barroso will take into account the fact that we are new governments and are not to blame for the delay in the project. Our ambitions are that every single euro is absorbed,” the Bulgarian prime minister said.
He suggested that two more bridge are constructed over the Danube River, linking Oryahovo-Bechet and Silistra-Kalarash.
Romania’s Prime Minister Boc said he expects a positive response from the European Commission.
Romania and Bulgaria signed the agreement for the project construction in March 2000 but it was late in getting off the ground because of insufficient funding.
The 2km Danube bridge, which is a key element of a European transport corridor connecting the German city of Dresden with Istanbul in Turkey, is designed to span over the river connecting Bulgaria’s Vidin and Romania’s Kalafat.
The project will cost a total of EUR 226 M and the Bulgarian government has pledged to chip in more than EUR 60.7 M. Besides, it is also financed by loans and grants from the European Investment Bank, the French Development Agency and the German Credit Institution for Reconstruction and Development.
At the moment, the only bridge on the 610km Danube section of the Bulgarian-Romanian border, links Russe in Bulgaria and Giurgiu in Romania by road and rail.

Read the article on Novinite.com

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