Sofia municipality is to take out a 60 million euro investment loan from the European Investment Bank, the Sofia municipal council has decided.
The money will go for the construction of inner rings to take traffic out of the city centre, renovation of tramway lines and for the first part of the Slatina-Borisova Gradina green ring.
The plans are for 10 strategic sites to be implemented within a period of 5 years. The loan is to be paid off in 20 years, at a 0.35% interest rate on the principal. The investment aims to reduce traffic in the city centre, increase road safety and improve ambient air quality, BTA reports.
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Due to the poor condition of the water transmission network, nearly half a billion cubic meters of water are irretrievably lost annually . On this..
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On Friday, cloudy weather will prevail over the country. The wind will be oriented from the northwest, will strengthen and in the Danube Plain its speed..
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