Indicative Budget of the Instrument

37.3 million BGN (19.1 million EUR)

Implementation Mechanism

Financing with risk-sharing and/or individual guarantees provided by the Fund Manager of Financial Instruments in Bulgaria (FMFIB) using funds from the "Environment" Program (EP) 2021–2027, partially covering the risk of loss (up to 80%) for financial intermediaries on the financing provided to eligible final recipients.

Objectives of the Instrument

Financing the required co-financing for eligible investments in the water supply and sewerage (WSS) sector, for which non-repayable financial assistance is provided under the "Environment" Program 2021–2027. Priority should be given to directing funds from the financial instrument to the six newly consolidated WSS operators: Veliko Tarnovo, Gabrovo, Pleven, Sofia District, Targovishte, and Haskovo, as well as WSS Dobrich.

Additionally, financing can also be provided for projects of consolidated WSS operators phased between the programming periods 2014–2020 and 2021–2027, as well as for other eligible investments under the program by the aforementioned and/or other consolidated WSS operators, for which non-repayable financial assistance has not been secured.

Financing through the financial instrument for final recipients may be provided in the form of investment/working capital financing and/or financial leasing under favorable interest rate conditions and collateral requirements.

Source of Public Funding

"Environment" Program (EP) 2021–2027, co-financed by the Cohesion Fund and the state budget.

Current Stage of the Instrument

Structuring and preparation of tender pack