Monday, February 26, 2024
Monday, February 26, 2024
Home » Bulgaria Commits 64 Mln Euro for Green Transport in 2024

Bulgaria Commits 64 Mln Euro for Green Transport in 2024

by Calvin Smith
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Bulgaria will support investments in the development of green transport through two EU-backed grant mechanisms worth over 126 million levs ($68.3 million/64.4 million euro) in 2024, transport and communications minister Georgi Gvozdeikov said.

The grants, to be paid under the Transport Connectivity Programme for the 2021-2027 programming period, will give businesses greater access to transport projects through public-private partnerships (PPPs), Gvozdeikov said at a sustainable transport and logistics event on Tuesday as cited by the ministry’s press office.

The first financing mechanism, of 34.5 million levs, will be dedicated to developing new intermodal terminals in the country and upgrading existing ones.

Furthermore, businesses will be able to apply for grants totalling 92 million levs, specifically intended for the installation of alternative fuel charging stations within Bulgaria’s road network and port infrastructure, according to the minister.

The grant schemes are expected to be open for applications at the beginning of 2024, Gvozdeikov said.

Bulgaria is also providing over 100 million levs of EU-backed project financing to municipal authorities for the purchase of zero or low emission public transport vehicles and the installation of EV charging stations.

Source: See News

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