EIB and Sofia sign € 60 million loan for sustainable urban mobility in Bulgaria

The European Investment Bank (EIB) and the City of Sofia have signed a framework loan of EUR 60 million to promote sustainable urban mobility in the Bulgarian capital. The EIB funding supports the Sofia City Council’s goal of developing a green transport system that improves people’s daily lives.

In line with the objectives of the Sofia City General Development Plan and the Sofia Sustainable Urban Mobility Plan 2019-2035, the EIB will finance projects involving the construction and rehabilitation of sections of the road and road network, parts of the tram, hiking and Bicycle infrastructure. In addition, public transport projects such as buses and the development of a charging infrastructure for electric vehicles can be supported.

EIB Vice-President Lilyana Pavlova commented: “As the fastest growing city in Bulgaria, Sofia faces the challenge of continuing to grow in an environmentally sustainable way. At the EIB, we are very excited to sign this loan in support of sustainable mobility. ”To improve projects and improve people’s daily lives in Sofia. Our funding will boost employment, improve air quality and make Sofia a safer and faster place to get around. “

Sofia Mayoress Yordanka Fandakova commented: “The European Investment Bank is a reliable partner of Sofia, who is behind our largest infrastructure projects downtown, reducing congestion and contributing to cleaner air. With the construction projects T. Kableshkov build. and Filip Kutev blvd. we will improve mobility in the most densely populated southern districts and with the planned boulevards in the north of the city, we will give them new impulses for their development. A lighthouse project for Sofia is the “Green Ring”, which will connect large parts of the city with bicycle and pedestrian paths. We continue to build and modernize tram lines that improve traffic. The funds provided will allow us, for a short period of time, to build infrastructure with a major impact on the environment and improve the quality of life of more than a million citizens in Sofia. “

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